Why is Pudumjee Paper falling/rising?

As of 21-Aug, Pudumjee Paper Products Ltd is experiencing a price increase, currently at 134.60, reflecting a rise of 2.0 or 1.51%. The stock has shown strong performance recently, outperforming its sector by 1.47% today and trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has gained 9.34%, and it has also delivered a 10.10% return over the past month. Despite a year-to-date decline of 24.91%, the stock has generated a positive return of 14.46% over the last year, indicating consistent returns over the past three years. The company maintains a low debt-to-equity ratio of 0.02, and while it is trading at a premium compared to its peers, its return on equity stands at 17.9%, suggesting fair valuation. However, profits have decreased by 8.8% over the past year, which could temper investor enthusiasm.
In the broader market context, Pudumjee Paper's recent short-term performance has significantly outpaced the Sensex, which has only risen by 1.74% over the past week and declined by 0.24% over the past month. This stark contrast highlights the stock's relative strength in a market that has not been as favorable. The liquidity of the stock is also favorable, with a delivery volume increase of 35.6% compared to the 5-day average, indicating rising investor participation. Overall, while the stock has shown resilience and positive momentum, the underlying profit decline may warrant caution among investors looking for long-term stability.