Why is Sangal Papers falling/rising?

As of 30-Jul, Sangal Papers Ltd's stock price is currently at Rs 194.00, reflecting an increase of Rs 7.0 or 3.74%. The stock has shown a trend reversal today, gaining after three consecutive days of decline, and it outperformed its sector by 4.72%. The stock reached an intraday high of Rs 195, indicating positive momentum, although it also experienced a low of Rs 179.1 earlier in the day. Over the past month, Sangal Papers has seen a return of +4.02%, contrasting with a -0.69% return over the past week. Despite a year-to-date decline of -31.93%, the company's profits have increased by 14.6%, leading to a PEG ratio of 0.6, which suggests an attractive valuation. However, the company faces challenges with a high Debt to EBITDA ratio of 4.07 times and a significant portion of promoter shares (38.76%) being pledged, which may exert downward pressure on the stock.
In the broader market context, Sangal Papers has underperformed compared to the Sensex, which has gained 4.28% year-to-date, while Sangal Papers has seen a significant decline. The stock's recent performance, particularly its short-term return of +4.02% over the past month, contrasts with the benchmark's -2.54% return in the same period, indicating a relative strength in the short term. However, the long-term outlook remains weak, with a return of -16.05% over the past year compared to the Sensex's minimal gain of +0.03%. This disparity highlights the stock's volatility and the potential risks associated with its long-term fundamental strength.