Why is Balkrishna Paper falling/rising?

As of 19-Aug, Balkrishna Paper Mills Ltd is experiencing a decline in its stock price, currently at 20.00, which reflects a decrease of 0.11 or 0.55%. The stock has underperformed its sector by 1.1% today and has seen a trend reversal after two consecutive days of gains. In terms of returns, the stock has shown a negative performance over the past month, down 8.88%, and has significantly underperformed the benchmark indices over various periods, including a year-to-date decline of 19.78% compared to a 4.49% increase in the Sensex. The company also faces challenges such as a negative book value, weak long-term growth, and high debt levels, which contribute to its overall weak fundamental strength.
Broader market context indicates that while the stock has seen a slight increase of 0.25% over the past week, it still lags behind the Sensex, which has risen by 1.76% in the same timeframe. The stock's performance has been consistently below the benchmark over the last three years, highlighting a trend of underperformance. Despite a rise in investor participation, as evidenced by a significant increase in delivery volume, the overall sentiment remains cautious due to the company's negative EBITDA and declining profits, which have fallen by 48.4% over the past year.