Why is Panasonic Carbon falling/rising?

As of 14-Jul, Panasonic Carbon India Company Ltd. is experiencing a price increase, currently at Rs 523.00, reflecting a rise of 5.65 (1.09%). Today's price summary indicates that the stock reached an intraday high of Rs 529.85, showing a gain of 2.42%. However, it underperformed its sector by 1.28%. In terms of returns, the stock has seen a slight increase of 0.19% over the past week, but it has declined by 7.01% over the past month. Despite a year-on-year return of 7.55%, the company has shown poor long-term growth, with net sales and operating profit growing at rates of only 3.71% and 2.72%, respectively, over the last five years. The company's low debt-to-equity ratio is a positive factor, but the flat results reported for March 25, including a significant drop in net sales and low operating income, contribute to a cautious outlook.
In the broader market context, the Sensex has declined by 1.42% over the past week, while Panasonic Carbon's performance has been relatively stable in comparison. However, the stock's performance over the past month is notably weaker than the benchmark, which has gained 1.40%. The overall market sentiment appears to be mixed, with the Electrodes & Welding Equipment sector gaining 2.55%, indicating some positive momentum in related industries. Despite the stock's recent rise, the underlying concerns regarding its long-term growth and profitability may temper investor enthusiasm, especially given its high valuation metrics compared to peers.