Why is Emami Paper falling/rising?

As of 07-Jul, Emami Paper Mills Ltd is experiencing a price increase, currently at Rs 109.83, reflecting a change of 1.21 (1.11%) upwards. The stock has shown strong performance recently, gaining 12.29% over the last two days and outperforming its sector by 0.96% today. It has also been trading above its moving averages for 5, 20, 50, 100, and 200 days, indicating a positive trend. However, despite this recent uptick, the stock has a troubling history, with a one-year return of -22.93% and a significant decline in profits of -69.1% over the past year. The company’s high Debt to EBITDA ratio of 3.57 times raises concerns about its ability to service debt, and it has reported negative results for the last three consecutive quarters, which could weigh on investor sentiment.
In the broader market context, Emami Paper's recent performance contrasts with the Sensex, which has seen a slight decline of -0.20% over the past week. While the stock has gained 10.72% in the same timeframe, it still lags behind the benchmark's performance over the longer term, having underperformed the BSE500 consistently over the last three years. This persistent underperformance, coupled with low domestic mutual fund interest, suggests that while the stock may be experiencing a temporary rise, significant underlying challenges remain that could affect its long-term viability and investor confidence.