Why is T N Newsprint falling/rising?

As of 24-Jul, Tamil Nadu Newsprint & Papers Ltd is experiencing a decline in its stock price, currently at 167.20, which reflects a decrease of 2.25 or 1.33%. The stock has underperformed its sector by 1.11% today, and its delivery volume has fallen by 20.54% against the 5-day average, indicating a drop in investor participation. Over the past week, the stock has decreased by 1.96%, while it has shown a modest gain of 2.83% over the past month. However, the stock has significantly underperformed over the longer term, with a staggering decline of 36.71% over the past year and a negative return of 11.53% year-to-date. The company's fundamentals are concerning, as it has reported negative results for the last seven consecutive quarters, with a 98.2% drop in profits and a high Debt to EBITDA ratio of 4.69 times, which suggests a low ability to service debt.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has only declined by 0.09% over the past week and has gained 5.18% year-to-date. This consistent underperformance against the benchmark over the last three years, coupled with a weak long-term fundamental strength indicated by a -19.52% CAGR growth in operating profits, further exacerbates the stock's challenges. Despite having high institutional holdings at 21.47%, which typically indicates a level of confidence in the company's fundamentals, the overall negative sentiment surrounding the stock's financial health and its inability to generate positive returns has led to its current downward trajectory.