Why is Agio Paper falling/rising?

As of 01-Sep, Agio Paper & Industries Ltd is experiencing a price increase, currently at 4.41, reflecting a change of 0.09 or 2.08% upward. The stock has shown a consecutive gain over the last two days, rising by 2.56% during this period, and has outperformed its sector by 0.79%. However, it has underperformed significantly over longer periods, with a year-to-date decline of 37.97% and a one-month drop of 11.80%. The company is facing challenges, including a high debt-to-equity ratio of 6.49 times, indicating weak long-term fundamental strength. Additionally, the stock has shown erratic trading patterns, with a notable decrease in delivery volume, which has fallen by 88.81% against the five-day average.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has outperformed the Sensex by 2.08% today, despite a one-week decline of 3.92% compared to the benchmark's 1.56% drop. This suggests that while Agio Paper is currently gaining, it has consistently underperformed against the benchmark over the past three years, with negative returns and declining profits. The company's flat results in recent quarters and negative EBITDA further contribute to its risky profile, indicating that while there may be short-term gains, the long-term outlook remains concerning.