Why is T N Newsprint falling/rising?

As of 04-Jul, Tamil Nadu Newsprint & Papers Ltd is experiencing a price increase, currently at Rs 183.90, reflecting a rise of Rs 15.3 or 9.07%. The stock has outperformed its sector by 3.15% today and reached an intraday high of Rs 185. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 10.98%, while it has shown a return of 11.05% over the last month. However, it has faced significant challenges, including a -35.52% return over the past year and a -98.2% decline in profits. Despite these negative factors, the stock is considered to have a very attractive valuation with a high institutional holding of 21.8%, which may contribute to the recent price increase.
In the broader market context, the stock's short-term performance is notably stronger than the Sensex, which has declined by 0.74% over the past week. The paper and paper products sector has also gained by 5.96%, indicating a favorable environment for the industry. However, the company has shown weak long-term fundamentals, with a -19.52% CAGR growth in operating profits over the last five years and negative results for the last seven consecutive quarters. This underperformance against the benchmark over the last three years, alongside a high Debt to EBITDA ratio, suggests that while the stock may be rising in the short term, significant underlying challenges remain.