Why is Malu Paper falling/rising?

As of 22-Jul, Malu Paper Mills Ltd is experiencing a price increase, currently at Rs 41.40, reflecting a rise of 1.1 or 2.73%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and has outperformed its sector by 3.32% today. It reached an intraday high of Rs 41.48, and the delivery volume has increased significantly, indicating rising investor participation. However, despite a positive short-term performance, the stock has underperformed against the benchmark Sensex over the past year and three years, with a return of -1.90% compared to the Sensex's +2.09% and a notable underperformance in long-term growth metrics, including a high debt-to-equity ratio of 136.01 times and negative EBITDA.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has shown a slight decline of 0.47% over the past week but a positive return of 5.18% year-to-date. While Malu Paper Mills has gained 7.81% over the past month, its long-term outlook remains concerning due to weak fundamentals, including poor sales growth and significant debt. This combination of short-term gains amidst long-term challenges suggests that while the stock is currently rising, its overall financial health and performance against benchmarks may pose risks for investors.