Why is Panasonic Carbon falling/rising?

As of 11-Jul, Panasonic Carbon India Company Ltd. is experiencing a decline in its stock price, currently at 517.35, which represents a decrease of 2.65 or 0.51%. The stock has underperformed its sector by 0.49% today and has fallen after two consecutive days of gains. In terms of returns, the stock has shown a negative performance over the past week and month, with declines of 1.19% and 8.95%, respectively. Despite a positive return of 4.50% over the past year, the company's financial performance has raised concerns, particularly with net sales and operating profit growth being relatively low over the last five years. The stock's valuation appears expensive with a Price to Book Value of 1.4, and while it has a low debt to equity ratio, the overall financial indicators suggest a lack of strong growth potential.
In the broader market context, the Sensex has also shown a slight decline of 1.12% over the past week, indicating that the market sentiment is somewhat negative. However, the stock's year-to-date performance is notably poor at -5.97%, contrasting with the Sensex's positive return of 5.58% during the same period. This underperformance relative to the benchmark may contribute to investor hesitance, particularly given the company's flat results in recent quarters and reliance on non-operating income, which constitutes a significant portion of its profit before tax. The combination of these factors suggests that Panasonic Carbon's stock price is under pressure due to both company-specific challenges and a broader market environment that is not favoring its performance.