Why is Regis Industries falling/rising?

As of 05-Sep, Regis Industries Ltd is currently priced at Rs. 7.28, reflecting an increase of Rs. 0.15 or 2.1%. The stock has shown a consecutive gain over the last two days, with a total return of 0.99% during this period. However, it is important to note that the stock has hit a new 52-week low of Rs. 7 today. Despite this recent uptick, the stock has underperformed significantly over longer periods, with a year-to-date decline of 54.50% and a one-month drop of 22.14%. The stock is currently trading below all moving averages, indicating a bearish trend. Additionally, there has been a rise in investor participation, with delivery volume increasing by 15.9% against the five-day average, suggesting some renewed interest despite the overall negative performance.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.13% over the past week. While Regis Industries has experienced a short-term rise, its longer-term performance remains concerning, with significant declines compared to the benchmark's slight increase. The stock's year-to-date performance is particularly poor, down 54.50%, while the Sensex has risen by 3.29% in the same timeframe. This stark difference highlights the challenges faced by Regis Industries in the current market environment, despite a brief recovery in price.