Why is Malu Paper falling/rising?

As of 18-Sep, Malu Paper Mills Ltd is experiencing a price increase, currently at Rs 40.75, reflecting a rise of Rs 2.05 or 5.3%. The stock has shown a strong performance today, outperforming its sector by 5.66%, with an intraday high of Rs 42, marking an 8.53% increase. However, it also faced a low of Rs 37.01, indicating volatility with a wide trading range of Rs 4.99. Over the past week, the stock has gained 6.01%, and over the past month, it has increased by 7.66%. Despite these short-term gains, the company has a negative book value and weak long-term fundamentals, with net sales growth at only 10.09% annually and a debt-to-equity ratio averaging 0 times, which raises concerns about its financial stability.
In the broader market context, while Malu Paper has outperformed the Sensex in the short term, with a 6.01% gain compared to the benchmark's 1.80%, it has significantly underperformed over the longer term, with a year-to-date decline of 9.73% against the Sensex's 6.24% increase. The stock's historical performance shows consistent underperformance against the benchmark over the last three years, with a return of -16.84% in the past year. This persistent underperformance, coupled with a negative EBITDA and falling investor participation, suggests that while there may be short-term price movements, the long-term outlook remains concerning for investors.