Why is Balkrishna Paper falling/rising?

As of 24-Sep, Balkrishna Paper Mills Ltd is experiencing a price increase, currently at Rs 23.75, reflecting a rise of 1.04 or 4.58%. The stock has shown strong short-term performance, with a 1-week return of +11.24% and a 1-month return of +12.67%, significantly outperforming the Sensex, which has seen a decline of -1.18% over the same week. Today's trading saw the stock reach an intraday high of Rs 23.85, and it is currently trading above its moving averages across various time frames. However, there are concerns regarding falling investor participation, as the delivery volume has decreased by 6.5% compared to the 5-day average. Additionally, the company faces challenges with a negative book value and a high debt-to-equity ratio, which may impact its long-term growth potential.
In the broader market context, while the stock has outperformed the Sensex in the short term, it has underperformed over the past year, with a return of -16.11% compared to the benchmark's -3.77%. This indicates that despite recent gains, the stock's overall performance remains weak relative to the market. The company's poor long-term growth metrics, including a significant decline in net sales and negative EBITDA, contribute to its risky profile, suggesting that while short-term movements may be positive, the long-term outlook remains uncertain.