Why is West Coast Paper falling/rising?

As of 04-Jul, West Coast Paper Mills Ltd is experiencing a price increase, currently at Rs 562.65, reflecting a rise of Rs 44.4 or 8.57%. The stock has shown strong performance recently, gaining 10.98% over the last four days and outperforming its sector by 2.65% today. It has also been trading above its moving averages across various time frames, indicating positive momentum. However, despite these short-term gains, the company has faced challenges, including a significant decline in operating profit over the past five years and negative results for the last six consecutive quarters, which may contribute to investor caution.
In the broader market context, West Coast Paper's short-term return of +9.73% over the past week stands in stark contrast to the Sensex, which has declined by 0.74% during the same period. This outperformance highlights the stock's relative strength despite its long-term struggles, including a -20.59% return over the past year compared to the market's positive performance. Additionally, the paper and paper products sector has gained by 5.96%, suggesting that sector-wide trends may be supporting West Coast Paper's recent price movement, even as institutional investor participation has decreased, indicating mixed sentiments among more sophisticated investors.