Why is T N Newsprint falling/rising?

As of 15-Jul, Tamil Nadu Newsprint & Papers Ltd is experiencing a price increase, currently at Rs 171.15, which reflects a rise of Rs 2.6 or 1.54%. The stock has shown a trend reversal today, gaining after three consecutive days of decline, and reached an intraday high of Rs 174, marking a 3.23% increase. Despite this positive movement, the stock has underperformed significantly over the past year, with a return of -36.85%, and has seen a drastic profit decline of -98.2%. The stock is trading at a discount compared to its peers, and while it has a high institutional holding of 21.8%, indicating some confidence from larger investors, the company has declared negative results for the last seven consecutive quarters, which raises concerns about its long-term viability.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has declined by -2.95% over the past week while the Sensex has only fallen by -1.36%. Over the last month, however, Tamil Nadu Newsprint has outperformed the benchmark with a return of +6.01% compared to the Sensex's +1.79%. Despite this short-term outperformance, the stock's long-term fundamentals are weak, evidenced by a -19.52% CAGR growth in operating profits over the last five years and a high Debt to EBITDA ratio of 4.69 times, which suggests challenges in servicing debt. Overall, while there are some short-term gains, the long-term outlook remains concerning due to consistent underperformance and negative financial results.