Why is JK Paper falling/rising?

As of 04-Jul, JK Paper Ltd's stock price is rising, currently at Rs 407.10, reflecting an increase of Rs 38.9 or 10.56%. The stock has shown a positive trend today, outperforming its sector by 4.64% and reversing a two-day decline. It reached an intraday high of Rs 412.3, indicating strong trading activity within a wide range of Rs 49.95. Over the past week, the stock has gained 9.55%, while its one-month performance is also positive at 9.61%. However, despite these short-term gains, the stock has underperformed over the longer term, with a year-to-date return of -2.06% and a significant decline of -30.83% over the past year. The company has a high management efficiency with a return on capital employed (ROCE) of 16.29%, but it has faced challenges with profits falling by 63.5% over the past year, contributing to its overall negative performance.
In the broader market context, JK Paper's recent gains contrast with the Sensex, which has seen a slight decline of 0.74% over the past week. While the stock has outperformed the benchmark in the short term, it has lagged behind in the longer term, with a one-year return of -30.83% compared to the Sensex's 4.23%. The paper and paper products sector has gained 5.96%, indicating some positive momentum in the industry. However, the stock's liquidity has decreased, with a notable drop in delivery volume, suggesting a potential decline in investor confidence. Overall, while JK Paper is experiencing a short-term rise, its long-term growth prospects remain uncertain due to recent negative financial results and underperformance relative to the broader market.