Why is Mohit Paper Mill falling/rising?

As of 13-Jun, Mohit Paper Mills Ltd is currently priced at 32.39, reflecting an increase of 0.39 or 1.22%. The stock has been gaining for the last two days, with a total return of 5.33% during this period. However, it has underperformed the benchmark Sensex over the past week, with a decline of 1.85% compared to the Sensex's 1.30% drop. The stock's performance over the last month shows a positive return of 9.80%, while it has generated a return of 7.97% over the past year. Despite this, the company has faced challenges, including a weak long-term fundamental strength indicated by a low Return on Capital Employed (ROCE) of 4.52% and negative results for the last three consecutive quarters, which may contribute to investor caution.
In the broader market context, while Mohit Paper Mills has outperformed its sector today, the overall market sentiment appears mixed, as evidenced by the Sensex's slight decline. The stock's recent gains may be attributed to its attractive valuation compared to peers and consistent returns over the last three years. However, the significant drop in delivery volume and the high Debt to EBITDA ratio raise concerns about its long-term viability. Investors may be weighing the short-term gains against the backdrop of the company's declining profitability and negative quarterly results, leading to a cautious outlook despite the recent price increase.