Why is Kay Power &Paper falling/rising?

As of 24-Sep, Kay Power & Paper Ltd is experiencing a decline in its stock price, currently at 14.27, reflecting a decrease of 0.45 or 3.06%. The stock has underperformed its sector by 2.87% today and has been on a downward trend, losing 5.87% over the past two days. Over the last week, the stock has dropped by 4.99%, and its year-to-date performance shows a significant decline of 61.32%. The company has a low return on equity of 2.2 and is trading at a discount compared to its peers, but it has also faced a substantial profit drop of 28.3% over the past year, contributing to its negative price movement. Additionally, the company has a high debt-to-equity ratio of 11.48 times, indicating weak long-term fundamental strength.
In the broader market context, the Sensex has shown a relatively stable performance, with a slight increase of 0.50% over the past month, contrasting with Kay Power & Paper's 3.91% decline during the same period. The stock's performance has been notably worse than the market, with a staggering 65.58% drop over the past year compared to the BSE500's negative return of 5.32%. This underperformance highlights the company's struggles in a challenging market environment, further exacerbated by flat results in recent financial reports and low profitability metrics, which have led to a lack of investor confidence.