Why is Three M Paper falling/rising?

As of 01-Aug, Three M Paper Boards Ltd is experiencing a price increase, with its current price at Rs 48.49, reflecting a rise of Rs 2.21 or 4.78%. The stock has shown strong performance today, outperforming its sector by 5.76% and achieving consecutive gains over the last three days, resulting in a total return of 11.86% during this period. Additionally, the stock opened with a gap up of 4.78% and has maintained this price level throughout the trading day. Notably, the stock's delivery volume has surged by 300% compared to the 5-day average, indicating rising investor participation. However, the stock has had a challenging year-to-date performance, down 25.97%, and a 1-year decline of 29.72%, suggesting that while there is positive momentum currently, the overall trend has been negative.
In the broader market context, the stock's short-term return of +6.24% over the past week significantly outperforms the Sensex, which has declined by 1.06% during the same period. This indicates that investor sentiment towards Three M Paper Boards Ltd is improving relative to the overall market. Despite the stock's recent gains, it remains lower than its longer-term performance metrics, as evidenced by its year-to-date and annual returns compared to the Sensex's positive performance. The liquidity of the stock is adequate for trading, which may also contribute to its recent upward movement.