Why is JK Paper falling/rising?

As of 05-Jun, JK Paper Ltd's stock price is currently at 373.70, reflecting an increase of 2.3 (0.62%). The stock has been gaining for the last four days, with a total return of 2.23% during this period. Despite this recent uptick, the stock has shown a decline of 2.80% over the past year and a significant drop in profits by 63.5%. The stock is trading at a discount compared to its peers and has a high return on capital employed (ROCE) of 16.29%, indicating strong management efficiency. However, it has also faced challenges, including negative results for the last four consecutive quarters and a long-term growth rate of -3.75% in operating profit over the past five years.
In the broader market context, JK Paper's short-term performance has outpaced the benchmark, with a 1-week return of +1.42% compared to the Sensex's -0.23%. While the stock has shown resilience in the short term, it has consistently underperformed against the benchmark over the last three years, which may affect investor sentiment. The falling investor participation, as indicated by a 49.07% decrease in delivery volume, suggests a lack of confidence among traders, despite the stock's current upward movement. Overall, while there are some positive indicators, the underlying financial challenges and market performance may contribute to a cautious outlook for JK Paper Ltd.