Why is Regis Industries falling/rising?

As of 03-Sep, Regis Industries Ltd is experiencing a decline in its stock price, currently at Rs. 7.10, which reflects a decrease of Rs. 0.23 or 3.14%. The stock has hit a new 52-week low of Rs. 7.07 today and has been on a consecutive downward trend for the last five days, resulting in a significant drop of 11.36% over that period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. While there has been a rise in investor participation, with delivery volume increasing by 53.77% against the 5-day average, the overall performance has underperformed the sector by 3.98%. The stock's year-to-date performance shows a staggering decline of 55.62%, contrasting sharply with the Sensex, which has gained 3.11% during the same period.
In the broader market context, Regis Industries' short-term performance has significantly lagged behind the benchmark, as evidenced by its 1-week return of -11.36% compared to the Sensex's minimal decline of 0.27%. This stark contrast highlights the stock's underperformance relative to the market, contributing to investor concerns. The stock's long-term performance over three years shows a remarkable gain of 283.78%, but the recent trends suggest a troubling shift that may be causing investors to reassess their positions. Overall, the combination of poor recent returns, a new low, and underperformance against the sector and benchmark are key factors driving the stock's decline.