Why is Pudumjee Paper falling/rising?

As of 28-Aug, Pudumjee Paper Products Ltd is currently priced at Rs 134.10, reflecting a decline of Rs 2.75 or 2.01%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total drop of 5.96% during this period. Additionally, the stock's performance today has underperformed its sector by 0.95%. While the stock has shown a positive return of 10.01% over the past year, it has also experienced a significant decline of 25.19% year-to-date, indicating a challenging financial environment despite its long-term performance, which has been strong with a 194.73% increase over the last three years. The company maintains a low debt-to-equity ratio and a fair valuation, but its profits have decreased by 8.8%, which may contribute to investor concerns.
In the broader market context, Pudumjee Paper's short-term performance has been relatively better than the benchmark, with a 1-week return of -0.37% compared to the Sensex's -2.34%. However, the stock's recent decline and falling investor participation, evidenced by a 7.07% drop in delivery volume, suggest a lack of confidence among investors. Despite the stock's historical outperformance over longer periods, the current market sentiment appears cautious, particularly in light of the recent profit decline and the stock trading at a premium compared to its peers. This combination of factors is likely influencing the stock's recent downward movement.