Why is JK Paper falling/rising?

As of 24-Sep, JK Paper Ltd is currently priced at 381.40, reflecting a decline of 4.6 points or 1.19%. The stock has been underperforming, having lost 4.51% over the last six days, and it is currently trading below its 5-day and 20-day moving averages, despite being higher than its 50-day, 100-day, and 200-day moving averages. The stock's performance over the past week shows a decrease of 4.07%, while it has gained 9.38% over the last month. However, its year-to-date return is down by 8.24%, and it has experienced a significant drop of 16.12% over the past year, coinciding with a 63.1% decline in profits. Despite these challenges, the stock is trading at a discount compared to its peers, supported by high management efficiency indicated by a ROCE of 16.29%.
In the broader market context, JK Paper's recent performance has been weaker than the benchmark Sensex, which has declined by only 1.18% over the past week. The stock's liquidity appears adequate, with a delivery volume increase of 37.67% against the 5-day average, suggesting rising investor participation. However, the overall market sentiment may be affecting the stock negatively, as it has consistently underperformed its sector. While JK Paper remains the largest company in its sector, constituting 27.73% of the industry, the significant drop in profits and the ongoing decline in stock price indicate underlying challenges that investors are currently weighing against its attractive valuation and management efficiency.