Why is JK Paper falling/rising?

As of 25-Aug, JK Paper Ltd's stock price is currently at 408.80, reflecting a significant increase of 60.1, or 17.24%. Today's price summary indicates that the stock has outperformed its sector by 8.23% and has experienced a trend reversal after three consecutive days of decline. It opened with a gain of 4.69% and reached an intraday high of Rs 415, showcasing strong upward momentum. Despite a year-to-date return of -1.65% and a one-year decline of -13.76%, the stock has shown resilience with a 316.51% increase over the past five years. The company's high management efficiency, indicated by a return on capital employed (ROCE) of 16.29%, and attractive valuation relative to peers suggest that the stock is undervalued, which may contribute to its recent price rise.
In the broader market context, JK Paper's short-term performance of +14.57% over the past week significantly outpaces the Sensex, which has only gained 0.45% in the same period. This stark contrast highlights the stock's relative strength within a generally stable market environment. However, it is important to note that investor participation has been declining, with delivery volume falling by 20.8% against the five-day average, which could indicate a lack of sustained interest. Despite this, the paper and paper products sector has gained by 8.59%, further supporting JK Paper's positive movement. Overall, while the stock is experiencing a rise, the mixed signals regarding investor participation and broader market trends suggest a cautious outlook moving forward.