Why is Panasonic Carbon falling/rising?

As of 23-Jun, Panasonic Carbon India Company Ltd. is experiencing a decline in its stock price, currently at 534.15, which reflects a decrease of 11.35 or 2.08%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 7.98% during this period. Today, it opened with a loss of 3.38% and reached an intraday low of Rs 527.05. Additionally, the stock's performance over the past week shows a decline of 6.89%, while its year-to-date return is down by 2.92%. Notably, the stock's delivery volume has significantly decreased by 71.76% compared to the five-day average, indicating falling investor participation, which may contribute to the downward pressure on the stock price.
In the broader market context, the Sensex has shown a slight increase of 0.12% over the past week, contrasting with Panasonic Carbon's decline. This underperformance against the benchmark highlights the stock's struggles relative to the overall market. While the stock has performed positively over the longer term, with a 40.01% increase over three years, its recent short-term performance is concerning. The stock is currently trading above its 50-day and 100-day moving averages but below its 5-day, 20-day, and 200-day moving averages, suggesting mixed signals regarding its trend. Overall, the combination of declining investor interest and poor short-term performance compared to the benchmark is contributing to the stock's current downward trajectory.