Why is JK Paper falling/rising?

As of 01-Sep, JK Paper Ltd's stock price is currently at Rs 380.55, reflecting an increase of Rs 6.35 or 1.7%. The stock has shown a mixed performance recently, with a 1-week decline of 6.91% while it has gained 8.85% over the past month. Today's performance indicates that JK Paper outperformed its sector by 0.41%, reaching an intraday high of Rs 382.75. However, the stock is experiencing a significant drop in investor participation, with delivery volume falling by 69.72% compared to the 5-day average. Despite a year-to-date decline of 8.44% and a 1-year drop of 17.31%, the company maintains a strong market position, being the largest in its sector with a market cap of Rs 6,339 crore and high management efficiency reflected in a return on capital employed (ROCE) of 16.29%.
In the broader market context, JK Paper's recent performance contrasts with the Sensex, which has declined by 1.56% over the past week. While JK Paper has outperformed the benchmark in the short term, its longer-term returns are concerning, particularly with a 3-year decline of 10.46% compared to the Sensex's growth of 36.75%. The stock's attractive valuation, trading at a discount to peers, and its significant contribution to the industry suggest potential for recovery, but the recent drop in profits by 63.1% over the past year raises caution among investors. Overall, while the stock is currently rising, the underlying factors indicate a complex situation that could affect future performance.