Why is Balkrishna Paper falling/rising?

As of 14-Aug, Balkrishna Paper Mills Ltd is currently priced at 19.87, reflecting a slight increase of 0.04 or 0.2%. Despite this uptick, the stock has shown a negative performance over the past week, down 3.92%, and has significantly underperformed over the last month with a decline of 8.85%. The stock is trading below its moving averages across various time frames, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 61.42% compared to the 5-day average. The company faces challenges, including a negative book value and a high debt-to-equity ratio, which contribute to its weak long-term fundamental strength. Additionally, the stock has generated a return of -16.83% over the past year, with profits declining by 48.4%, further highlighting its struggles.
In the broader market context, the Sensex has remained relatively stable, with only a minor decline of 0.03% over the past week. While Balkrishna Paper has outperformed its sector by 1.25% today, its overall performance has been consistently poor compared to the benchmark, particularly over the last three years, where it has underperformed in each annual period. The stark contrast between the stock's performance and the benchmark's positive return of 3.15% year-to-date underscores the challenges faced by Balkrishna Paper, suggesting that while there may be short-term fluctuations, the long-term outlook remains concerning.