Why is Andhra Paper falling/rising?

As of 22-Aug, Andhra Paper Ltd is experiencing a decline in its stock price, currently at 74.09, reflecting a decrease of 1.77 or 2.33%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 3.05%. Today, it opened significantly lower, with a loss of 10.35%, and reached an intraday low of Rs 68.01. The stock has shown poor performance over various periods, with a year-to-date return of -21.84% and a one-year return of -33.40%, indicating consistent underperformance against the benchmark. Additionally, the company has reported negative results for the last seven consecutive quarters, with a significant drop in net profit and an increase in raw material costs, contributing to a negative outlook.
In the broader market context, while the Sensex has shown a positive return of 4.05% year-to-date, Andhra Paper's performance has been starkly contrasting, with a decline of 21.84%. The stock's recent performance has been further exacerbated by falling investor participation, as evidenced by a 43.61% drop in delivery volume compared to the five-day average. The company's low debt-to-equity ratio and majority ownership by promoters do not seem to offset the negative sentiment surrounding its declining operating profits and high valuation compared to peers. Overall, the stock's consistent underperformance against the benchmark over the past three years highlights a troubling trend that investors are responding to negatively.