Why is Regis Industries falling/rising?

As of 02-Sep, Regis Industries Ltd's stock price is currently at Rs. 7.33, reflecting a decrease of Rs. 0.25, or 3.3%. The stock has been on a downward trend, having fallen consecutively for the last four days, resulting in an 8.49% decline over the past week. Additionally, the stock has hit a new 52-week low of Rs. 7.31 today. Despite reporting positive quarterly results with significant growth in profit after tax and other financial metrics, the stock's long-term fundamental strength is weak, evidenced by a low return on equity of 0.19% and an expensive valuation relative to its peers. The stock has underperformed the market significantly over the past year, with a return of -51.78% compared to the broader market's negative return of -4.82%.
In the broader market context, while the Sensex has shown a slight decline of 0.78% over the past week, Regis Industries has significantly underperformed with a loss of 8.49%. This stark contrast highlights the stock's struggles relative to the market. Although there has been a rise in investor participation, as indicated by an increase in delivery volume, the overall sentiment remains negative due to the stock's weak long-term fundamentals and its substantial underperformance over the past year. The combination of these factors contributes to the ongoing decline in the stock price.