Why is JK Paper falling/rising?

As of 22-Sep, JK Paper Ltd is currently priced at 388.35, reflecting a decrease of 4.35, or 1.11%. The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total decline of 2.77% during this period. Additionally, the stock has underperformed its sector by 0.73% today. Over the past year, JK Paper has generated a return of -14.90%, with profits declining significantly by 63.1%. Despite its high management efficiency indicated by a ROCE of 16.29% and attractive valuation metrics, the stock is trading at a discount compared to its peers, which may not be sufficient to counteract the negative sentiment reflected in its recent price movements.
In the broader market context, JK Paper's short-term performance has lagged behind the benchmark Sensex, which has gained 0.46% over the past week while JK Paper has decreased by 0.42%. Year-to-date, JK Paper's performance is also notably weaker, with a decline of 6.57% compared to the Sensex's increase of 5.15%. The falling investor participation, as evidenced by a 30.42% drop in delivery volume, further indicates a lack of confidence among investors, contributing to the stock's downward trend.