Why is Kuantum Papers falling/rising?

As of 03-Nov, Kuantum Papers Ltd is experiencing a decline in its stock price, currently at Rs 105.50, which reflects a decrease of Rs 2.05 or 1.91%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 2.76% during this period. Additionally, it has underperformed its sector by 2.11% today. The stock's performance over the past week shows a decline of 3.39%, while its year-to-date return is down by 14.78%. The company has also reported negative financial indicators, including a significant drop in profits by 43.2% over the past year and a high Debt to EBITDA ratio of 6.89, which indicates low ability to service debt. This combination of factors contributes to the stock's recent downward trend.
In the broader market context, Kuantum Papers' short-term performance contrasts sharply with the benchmark, as the Sensex has gained 3.41% over the past month, while Kuantum Papers has declined by 4.61%. This underperformance is further highlighted by the fact that domestic mutual funds hold only a minimal stake in the company, suggesting a lack of confidence in its current valuation. The stock's long-term performance is also concerning, with a 22.43% decline over the past year and a 30.04% drop over the last three years, indicating that investors are wary of its ability to recover in the near future. Overall, the combination of poor financial results, high debt levels, and weak investor sentiment has led to the stock's ongoing decline.