Why is T N Newsprint falling/rising?

As of 14-Jul, Tamil Nadu Newsprint & Papers Ltd is experiencing a decline in its stock price, currently at 168.55, which reflects a decrease of 1.0 or 0.59%. The stock has been on a downward trend, having fallen for the last three days with a total return of -4.77% during this period. Over the past week, the stock has underperformed significantly, with a return of -9.28%, while the benchmark Sensex has only declined by 1.42%. Additionally, the stock's performance over the past year shows a substantial drop of -37.69%, indicating persistent underperformance against the broader market. The company has also reported a significant decline in profits, with a -98.2% fall, and has declared negative results for the last seven consecutive quarters, which contributes to the negative sentiment surrounding the stock.
Broader Market Context: In the context of the broader market, the stock's recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex in both the short and long term. While the Sensex has shown a positive return of 5.27% year-to-date, Tamil Nadu Newsprint has seen a decline of -10.82% in the same period. The stock's weak long-term fundamental strength, characterized by a -19.52% CAGR growth in operating profits over the last five years and a high Debt to EBITDA ratio, further exacerbates its challenges. Despite having high institutional holdings at 21.8%, which typically indicates a level of confidence from more informed investors, the overall financial health of the company remains concerning, leading to a lack of investor participation and contributing to the stock's downward trajectory.