Why is T N Newsprint falling/rising?

As of 02-Jul, Tamil Nadu Newsprint & Papers Ltd is currently priced at 169.00, reflecting an increase of 0.45 (0.27%). The stock has been gaining for the last three days, with a total return of 1.99% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Additionally, there has been a notable rise in investor participation, with delivery volume increasing by 35.15% compared to the 5-day average. However, despite these short-term gains, the stock has underperformed significantly over the past year, with a return of -42.02%, while profits have plummeted by -98.2%. The company’s high debt levels and negative results over the last seven quarters contribute to a weak long-term fundamental outlook.
In the broader market context, the stock's short-term return of +2.42% over the past week outperforms the Sensex, which has gained +0.79% in the same period. However, the stock's year-to-date performance remains concerning, with a decline of -10.58%, contrasting with the Sensex's increase of +6.75%. The high institutional holdings at 21.8% suggest that more informed investors are involved, yet the company's weak fundamentals, including a high Debt to EBITDA ratio and a negative trend in operating profits, indicate potential risks that could overshadow its recent price movements. Overall, while there are signs of short-term recovery, the long-term outlook remains bleak, which may limit sustained upward momentum.