Why is JK Paper falling/rising?

As of 23-Sep, JK Paper Ltd is currently priced at Rs 387.00, reflecting a decline of Rs 1.9 or 0.49%. The stock has been experiencing a downward trend, having fallen for the last five consecutive days, resulting in a total decrease of 3.1% over that period. Additionally, the stock touched an intraday low of Rs 379.35, indicating significant selling pressure. Despite being above the 50-day, 100-day, and 200-day moving averages, it is trading below the 5-day and 20-day moving averages, suggesting a short-term weakness. The stock's performance over the past year has been poor, with a return of -16.16%, while profits have plummeted by 63.1%. Although it has a high return on capital employed (ROCE) of 16.29% and is trading at a discount compared to peers, the falling investor participation, with a delivery volume decrease of 26.05%, indicates waning interest among investors.
In the broader market context, JK Paper's recent performance contrasts with the benchmark Sensex, which has only declined by 0.34% over the same one-week period. While the stock has shown a positive return of 10.98% over the past month, its year-to-date performance is notably worse than the Sensex, which has gained 5.07%. This divergence suggests that while the stock may have had a brief recovery, its overall trend remains negative, particularly in light of the significant drop in profits and investor participation. The company's substantial market capitalization and its position as a major player in the sector do not seem to be enough to counteract the recent negative sentiment surrounding its stock price.