Why is K P R Mill Ltd falling/rising?

As of 28-Aug, K P R Mill Ltd's stock price is currently at Rs 982.50, reflecting an increase of Rs 1.6 or 0.16%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite this recent uptick, the stock has performed poorly over the past week and month, with declines of 3.86% and 16.60%, respectively. However, it has outperformed the broader market over the past year, achieving a return of 14.78% compared to the Sensex's decline of 2.08%. The stock is currently trading below its moving averages, indicating a bearish trend, yet there has been a notable increase in investor participation, with delivery volume rising significantly.
In the broader market context, K P R Mill Ltd's recent performance contrasts with the negative returns of the benchmark index, which has seen a decline of 5.01% over the past year. The company's strong long-term fundamentals, including a robust return on equity of 21.02% and healthy growth in net sales and operating profit, support its resilience in a challenging market. Additionally, the company's low debt-to-EBITDA ratio enhances its ability to manage financial obligations, contributing to investor confidence despite recent price fluctuations. Overall, while the stock has faced short-term challenges, its long-term growth potential and market position remain strong.