Why is Regis Industries falling/rising?

As of 10-Nov, Regis Industries Ltd is experiencing a decline in its stock price, currently at Rs. 2.67, which represents a decrease of 0.06 or 2.2%. The stock has underperformed significantly, with a 52-week low of Rs. 2.65 reached today. Over the past week, the stock has dropped by 5.65%, and it has seen a substantial decline of 19.34% over the last month. Year-to-date, the stock is down 74.72%, indicating a severe downturn compared to the Sensex, which has gained 6.91% during the same period. Additionally, Regis Industries is trading below all key moving averages, which suggests a bearish trend. Although there has been a rise in investor participation, with delivery volume increasing by 10.27% against the 5-day average, the overall sentiment remains negative, and no positive factors were noted to counterbalance this decline.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with the Sensex only declining by 0.53% over the past week. This stark contrast highlights the challenges faced by Regis Industries, as it has significantly lagged behind the market. The liquidity of the stock is adequate for trading, but the persistent underperformance against both the sector and the benchmark indicates a lack of investor confidence. Overall, the combination of poor recent returns, low trading levels, and a lack of positive developments has contributed to the stock's downward trajectory.