Why is Regis Industries falling/rising?

As of 22-Aug, Regis Industries Ltd is experiencing a decline in its stock price, currently at Rs. 8.10, which represents a decrease of 0.37 or 4.37%. The stock has underperformed significantly, with a 52-week low of Rs. 8.02 hit today. Over the past week, the stock has fallen by 5.26%, and it has also shown a substantial year-to-date decline of 49.38%. The company's recent financial performance includes a remarkable growth in profit after tax, which increased by 1954.5% compared to the previous four-quarter average. However, despite these positive results, the stock is facing challenges such as trading below all key moving averages and a significant drop in investor participation, with delivery volume decreasing by 60.22% against the five-day average.
In the broader market context, the Sensex has shown a positive return of 0.88% over the past week, contrasting sharply with Regis Industries' performance. The stock's long-term fundamentals are weak, evidenced by a low return on equity of 0.07% and a high price-to-book value ratio of 5.3, indicating an expensive valuation relative to its peers. Over the past year, while the broader market has declined by only 2.49%, Regis Industries has suffered a much steeper drop of 46.97%, highlighting its underperformance. This combination of weak fundamentals, poor market sentiment, and significant declines in trading activity contributes to the stock's current downward trajectory.