Why is T N Newsprint falling/rising?

As of 17-Sep, Tamil Nadu Newsprint & Papers Ltd is currently priced at 160.35, reflecting a slight increase of 0.2 (0.12%). The stock has shown a trend reversal by gaining after four consecutive days of decline. However, it has underperformed in the short term, with a 3.64% drop over the past week, while the benchmark Sensex has risen by 1.56%. The stock's performance over the past year has been poor, generating a return of -26.48%, and it has consistently reported negative results for the last eight quarters, with significant declines in both profit before tax and profit after tax. Despite a relatively attractive valuation with a high return on capital employed (ROCE) of 20.6 and high institutional holdings at 21.47%, the company's long-term fundamentals are weak, indicated by a -20.09% compound annual growth rate (CAGR) in operating profits over the last five years and a high debt-to-EBITDA ratio of 4.84 times.
In the broader market context, while the stock has gained slightly today, it has significantly lagged behind the benchmark indices over various time frames, including a -15.16% return year-to-date compared to a +5.83% gain in the Sensex. The stock's recent performance is inline with sector trends, but the falling investor participation, as evidenced by a 40.98% decline in delivery volume against the five-day average, suggests a lack of confidence among retail investors. Overall, the stock's recent uptick may be a temporary reaction to its oversold condition, but the persistent underperformance against the benchmark and weak long-term fundamentals indicate that the stock remains under pressure.