Why is T N Newsprint falling/rising?

As of 11-Jul, Tamil Nadu Newsprint & Papers Ltd is experiencing a decline in its stock price, currently at Rs 169.55, which reflects a decrease of Rs 4.25 or 2.45%. The stock has underperformed its sector by 1.48% today and has been on a downward trend for the last two days, accumulating a total drop of 4.21%. Over the past week, the stock has seen a significant decline of 7.80%, and its performance over the last year shows a staggering decrease of 37.96%. Despite having a high Return on Capital Employed (ROCE) of 19.6 and trading at a discount compared to peers, the company has faced severe challenges, including a 98.2% drop in profits over the past year and negative results for the last seven consecutive quarters. This weak performance, coupled with a high Debt to EBITDA ratio of 4.69, indicates low profitability and a lack of long-term fundamental strength.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has only declined by 1.12% over the past week. The stock's consistent underperformance against the benchmark over the last three years, alongside a 19.52% CAGR decline in operating profits, suggests that investor confidence is waning. Additionally, the falling investor participation, with a significant drop in delivery volume, further indicates a lack of interest in the stock. While institutional holdings remain high at 21.8%, the overall outlook for Tamil Nadu Newsprint & Papers Ltd remains negative, contributing to its current price decline.