Why is Pudumjee Paper falling/rising?

As of 18-Sep, Pudumjee Paper Products Ltd is experiencing a decline in its stock price, currently at Rs 125.70, reflecting a decrease of Rs 1.3 or 1.02%. The stock has underperformed its sector by 0.66% today and has seen a trend reversal after two consecutive days of gains. It touched an intraday low of Rs 123.85, representing a drop of 2.48%. Over the past week, the stock has decreased by 3.31%, and year-to-date, it has fallen significantly by 29.87%. Despite generating an 8.32% return over the past year, the company has faced challenges, including a decline in profits by 8.8% and a low debt-to-equity ratio of 0.02, indicating limited financial leverage. The stock is trading at a premium compared to its peers, which may contribute to investor hesitation.
In the broader market context, the Sensex has increased by 1.80% over the past week, contrasting with Pudumjee Paper's decline. This underperformance against the benchmark highlights the stock's struggles in attracting investor confidence, particularly as domestic mutual funds hold no stake in the company, suggesting a lack of comfort with its current valuation. The stock's liquidity appears adequate for trading, but falling investor participation, as indicated by an 18.62% drop in delivery volume, raises concerns about future demand. Overall, the combination of poor long-term growth prospects, flat recent financial results, and a lack of institutional support may be contributing to the stock's downward movement.