Why is Panasonic Carbon falling/rising?

As of 25-Jul, Panasonic Carbon India Company Ltd. is experiencing a decline in its stock price, currently at Rs 518.00, which reflects a decrease of Rs 9.1 or 1.73%. The stock has underperformed in the short term, with a 1-week return of -2.45% and a 1-month return of -3.63%. Today's price summary indicates that the stock touched an intraday low of Rs 514, which is a drop of 2.49%. Despite this decline, the stock outperformed its sector by 1.64% today, and there has been a notable increase in investor participation, with delivery volume rising by 61.69% against the 5-day average. The company maintains a low debt-to-equity ratio, which is generally viewed positively, but this has not been sufficient to counteract the recent price decline.
In the broader market context, the Sensex has shown a relatively stable performance with a 1-week decline of only -0.36% and a 1-month decline of -1.56%. This indicates that the stock's short-term performance is significantly worse than the benchmark index. Additionally, the sector in which Panasonic operates, Electrodes & Welding Equipment, has also faced challenges, falling by 3.26%. Overall, while the company has some positive attributes such as a low debt-to-equity ratio and rising investor interest, these factors have not translated into a positive stock price movement in the current market environment.