Why is West Coast Paper falling/rising?

As of 15-Jul, West Coast Paper Mills Ltd is experiencing a price increase, currently at Rs 551.75, reflecting a rise of Rs 14.85 or 2.77%. The stock has shown a positive performance today, outperforming its sector by 1.43%, and has gained consecutively over the last two days, with a total return of 3.74% during this period. Despite a recent decline in investor participation, as indicated by a significant drop in delivery volume, the stock is trading above its moving averages across various time frames. However, the company faces challenges, including poor long-term growth, negative results over the last six quarters, and a high valuation compared to peers, which may overshadow its current positive price movement.
In the broader market context, West Coast Paper's short-term return of +6.72% over the past month contrasts with the Sensex's gain of only +1.79%, indicating a stronger performance relative to the benchmark. Nonetheless, the stock has underperformed over the longer term, with a year-to-date return of -0.76% compared to the Sensex's +5.67%. This underperformance, coupled with a decrease in institutional investor participation, suggests that while the stock may be rising in the short term, there are significant underlying issues that could affect its sustainability in the future.