Why is Pudumjee Paper falling/rising?

As of 01-Aug, Pudumjee Paper Products Ltd is experiencing a price increase, currently at Rs 124.95, reflecting a rise of 5.15 (4.3%). The stock has shown strong performance recently, gaining 7.95% over the last two days and outperforming its sector by 5.28%. In the past week, it has risen by 3.78%, while over the past month, it has increased by 7.35%. Despite a year-to-date decline of 30.29%, the stock has demonstrated resilience with a return of 2.59% over the last year. The company maintains a low debt-to-equity ratio and a reasonable return on equity, although its profits have declined by 8.8% over the past year, which may temper investor enthusiasm.
In the broader market context, Pudumjee Paper's recent performance contrasts sharply with the Sensex, which has declined by 1.06% over the past week and 3.70% over the past month. This indicates that the stock is gaining traction in a generally unfavorable market environment. The stock's liquidity is adequate, and rising investor participation suggests growing interest, despite the lack of domestic mutual fund investment, which could indicate caution among institutional investors. Overall, while the stock has shown positive short-term movements, concerns about long-term growth and profitability remain pertinent.