Why is Panasonic Carbon falling/rising?

As of 18-Jul, Panasonic Carbon India Company Ltd. is experiencing a slight decline in its stock price, currently at 531.00, which reflects a decrease of 0.25 or 0.05%. The stock has outperformed its sector by 0.6% today, although it has shown a mixed performance over different periods, with a 1-week return of +2.64% while it has fallen by 8.52% over the past month. The stock's moving averages indicate it is performing better than the 5-day, 20-day, 50-day, and 100-day averages but is still below the 200-day average. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 68.21% against the 5-day average, which may indicate waning interest among investors. Despite having a low debt-to-equity ratio and being liquid enough for trading, the company faces challenges with poor long-term growth, as evidenced by its low net sales growth and operating profit over the last five years.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has seen a decline of 0.90% over the past week. While Panasonic Carbon has generated a return of 3.51% over the past year, its profits have only risen by 12.1%, leading to a relatively expensive valuation with a price-to-book ratio of 1.5. This valuation, combined with flat results in the latest quarter and a high proportion of non-operating income, suggests that the stock may be perceived as overvalued compared to its peers, contributing to the current downward pressure on its price.