Why is Seshasayee Paper falling/rising?

As of 25-Jun, Seshasayee Paper & Boards Ltd is currently priced at 303.00, reflecting a rise of 0.75 or 0.25%. Despite this slight increase, the stock has underperformed its sector by 0.9% today. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating some positive momentum. However, the delivery volume has significantly decreased by 38.8% compared to the 5-day average, suggesting a decline in investor participation. Over the past week, the stock has performed well with an increase of 8.60%, but it has underperformed over the longer term, with a year-to-date return of -1.09% and a one-year return of -13.02%. The company’s low debt-to-equity ratio and high institutional holdings may provide some support, but the negative financial results over the last seven quarters and poor long-term growth prospects weigh heavily on investor sentiment.
In the broader market context, while the Sensex has increased by 1.61% over the past week, Seshasayee Paper's performance has significantly outpaced the benchmark during this period. However, the stock's one-year return of -13.02% starkly contrasts with the Sensex's 6.02% gain, highlighting its underperformance relative to the market. The company's declining operating profit and negative growth in profit after tax further exacerbate concerns about its valuation, which is considered expensive compared to peers. Overall, while there are some short-term gains, the long-term outlook remains bleak, contributing to the stock's mixed performance.