Why is Panasonic Carbon falling/rising?

As of 21-Jul, Panasonic Carbon India Company Ltd. is experiencing a decline in its stock price, currently at 527.50, which reflects a decrease of 3.5 points or 0.66%. The stock has underperformed its sector by 1.07% today and has been on a consecutive downward trend for the last two days, with a total loss of 0.71% during this period. Additionally, the stock's performance over the past week shows a modest gain of 0.86%, while it has declined by 3.30% over the past month. The company's financial health is somewhat concerning, as it has shown poor long-term growth with net sales increasing at an annual rate of only 3.71% and operating profit at 2.72% over the last five years. Furthermore, the recent quarterly results indicate a significant drop in net sales and operating income, contributing to investor skepticism.
In the broader market context, the Sensex has shown a slight decline of 0.06% over the past week, which suggests that the market sentiment is generally weak. However, Panasonic Carbon's performance has been notably worse, indicating specific issues affecting the company. The stock's liquidity is adequate, but there has been a notable decrease in investor participation, with delivery volume falling by nearly 38% against the five-day average. This decline in trading activity, coupled with a high price-to-book value ratio and a relatively low return on equity of 12.1%, suggests that investors may be cautious about the stock's valuation and future growth prospects.