Why is Panasonic Carbon falling/rising?

As of 26-Jun, Panasonic Carbon India Company Ltd. is experiencing a decline in its stock price, currently at Rs 527.70, reflecting a decrease of Rs 9.8 or 1.82%. The stock has underperformed its sector by 1.47% today, reaching an intraday low of Rs 525.2. Over the past week, the stock has decreased by 4.38%, while it has shown a modest increase of 1.87% over the past month. However, the stock's performance has been lackluster in the long term, with a year-to-date decline of 4.09% and a one-year return of -2.88%. Additionally, the company has reported a significant drop in delivery volume, falling by 83.1% against the five-day average, indicating a decrease in investor participation. The company's low debt-to-equity ratio and majority ownership by promoters do not seem to be sufficient to counterbalance the negative sentiment surrounding its poor long-term growth prospects, as evidenced by stagnant net sales and operating profit growth.
In the broader market context, the Sensex has shown a positive return of 2.94% over the past week, contrasting sharply with Panasonic Carbon's decline. The stock's performance has lagged behind the benchmark indices, with the company underperforming the BSE 500 over various time frames, including the last three years and one year. This underperformance, coupled with a high price-to-book value ratio and flat quarterly results, suggests that investors are cautious about the stock's future growth potential. Overall, the combination of poor recent performance, declining investor interest, and unfavorable comparisons to market benchmarks contributes to the current downward trend in Panasonic Carbon's stock price.