Why is Regis Industries falling/rising?

As of 04-Sep, Regis Industries Ltd's stock price is currently at Rs. 7.13, reflecting an increase of 0.03 (0.42%). The stock has recently experienced a trend reversal, gaining after five consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally weak performance. The stock has seen significant underperformance over the past month, with a decline of 26.57%, and a staggering year-to-date drop of 55.44%. Despite a notable increase in profit after tax in the latest quarter, 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.
Broader market context shows that while the Sensex has gained 0.80% over the past week, Regis Industries has fallen by 9.17% in the same period, highlighting its significant underperformance against the benchmark. The stock's decline is further exacerbated by its negative returns over the past year, where it has dropped 53.43% compared to a market decline of only 4.38%. Although there has been a rise in investor participation, with delivery volume increasing by 15.9%, the overall sentiment remains cautious due to the stock's weak fundamentals and high valuation metrics.