Why is Emami Paper falling/rising?

As of 29-Aug, Emami Paper Mills Ltd's stock price is currently at Rs 101.99, reflecting a decrease of Rs 2.94 or 2.8%. The stock has been on a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 12.52% during this period. Today's trading saw the stock reach an intraday high of Rs 108.43 but also dip to a low of Rs 101.43. The stock's performance has underperformed its sector by 1.88%, and it has generated a return of -24.26% over the past year, with profits plummeting by 79.6%. Additionally, the company's high Debt to EBITDA ratio of 3.78 times and negative results over the last four quarters contribute to a perception of low profitability and poor long-term growth, further impacting investor sentiment.
In the broader market context, Emami Paper's short-term performance contrasts sharply with the benchmark, as it has outperformed the Sensex by 4.70% over the past week and 5.16% over the past month, while the Sensex itself has declined by 1.84% and 1.88%, respectively. However, the stock's year-to-date performance shows a significant underperformance of -8.77% compared to the Sensex's positive return of 2.14%. This consistent underperformance against the benchmark over the last three years, combined with a lack of interest from domestic mutual funds, indicates a lack of confidence in the stock's future prospects, contributing to its current decline.