Why is Regis Industries falling/rising?

As of 13-Oct, Regis Industries Ltd is experiencing a decline in its stock price, currently at 3.20, which reflects a decrease of 0.11 or 3.32%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 6.16% during this 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. Over the past month, the stock has significantly underperformed with a decline of 24.35%, while year-to-date, it has plummeted by 69.70%. There is a notable increase in investor participation, with delivery volume rising by 125.4% against the 5-day average, suggesting some interest despite the overall negative performance.
In the broader market context, the stock's short-term performance over the past week shows a gain of 1.27%, which is better than the Sensex's increase of 0.66%. However, the long-term perspective reveals a stark contrast, as Regis Industries has declined by 69.70% year-to-date compared to the Sensex's gain of 5.36%. This disparity highlights the challenges faced by the company in maintaining investor confidence, especially in light of its significant underperformance relative to the benchmark over the past year and month. The absence of specific positive or negative factors further complicates the outlook, leaving investors with limited insights into potential catalysts for a turnaround.