Why is Panasonic Carbon falling/rising?

As of 03-Jul, Panasonic Carbon India Company Ltd. is experiencing a decline in its stock price, currently at 525.15, reflecting a decrease of 0.85 (-0.16%). The stock has underperformed its sector by 1.17% today and has been on a consecutive fall for the last two days, resulting in a total drop of 0.83% during this period. Over the past week, the stock has decreased by 0.48%, while its performance over the past month shows a slight increase of 0.29%. However, the stock's year-to-date return is down by 4.55%, indicating a poor long-term growth trajectory, with net sales growing at an annual rate of only 3.71% and operating profit at 2.72% over the last five years. Additionally, the company's recent quarterly results showed a decline in net sales and a low operating profit, contributing to a perception of weak performance.
In the broader market context, the Sensex has shown a decline of 0.62% over the past week, which is slightly worse than Panasonic Carbon's performance. However, the stock has underperformed the benchmark over longer periods, including a year-to-date return of -4.55% compared to the Sensex's 6.53%. Despite a rising investor participation indicated by a 10.05% increase in delivery volume, the stock's performance remains below par, and it has consistently underperformed against the BSE500 over the last three years, one year, and three months. The company's high valuation, reflected in a price-to-book value of 1.5 and a return on equity of 12.1%, further complicates its attractiveness to investors, leading to a cautious outlook on its future performance.