Why is T N Newsprint falling/rising?

As of 16-Jul, Tamil Nadu Newsprint & Papers Ltd is currently priced at 171.45, reflecting a slight increase of 0.3 (0.18%). The stock has been gaining for the last two days, with a return of 1.72% during this period. However, over the past week, it has seen a decline of 3.14%, while it has performed better over the last month with a return of 6.62%. Despite this recent uptick, the stock has underperformed significantly over the past year, with a return of -36.78%. The company has a high institutional holding of 21.8%, which may provide some stability, but it has also reported negative results for the last seven consecutive quarters, indicating weak long-term fundamentals. The company's return on capital employed is attractive at 19.6, but its profits have fallen by 98.2% over the past year, contributing to the stock's volatility.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed the Sensex, which has gained 5.75% year-to-date. While the stock's short-term performance shows some recovery, its long-term trajectory remains concerning, with a consistent decline in operating profits and a high debt-to-EBITDA ratio of 4.69 times. The stock's liquidity is adequate for trading, but the falling investor participation, with a 29% drop in delivery volume, suggests a lack of confidence among retail investors. Overall, while there are some positive indicators in the short term, the broader context of declining profits and negative results raises concerns about the stock's sustainability.