Why is Seshasayee Paper falling/rising?

As of 30-Jun, Seshasayee Paper & Boards Ltd is experiencing a price increase, currently at 304.80, reflecting a rise of 4.75 or 1.58%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It outperformed its sector by 0.46% today and is trading above all its moving averages, indicating a positive short-term momentum. However, the stock has underperformed in the longer term, with a one-year return of -8.04%, contrasting with the Sensex's gain of 5.79%. The company has a low debt-to-equity ratio and high institutional holdings at 27.42%, which may provide some stability, but it has also reported negative results for the last seven consecutive quarters, leading to concerns about its long-term growth potential.
Broader Market Context: In the short term, while Seshasayee Paper has seen a positive movement today, it has lagged behind the benchmark Sensex over the past week, which gained 2.09%, while the stock fell by 1.25%. The broader market context shows that despite some positive indicators today, the stock's long-term performance remains weak, with a significant decline in operating profit and a high valuation compared to its peers. This combination of short-term gains amidst a backdrop of poor long-term growth and negative quarterly results suggests that while the stock may be rising today, the overall outlook remains cautious.