Why is Panasonic Carbon falling/rising?

As of 04-Aug, Panasonic Carbon India Company Ltd. is experiencing a decline in its stock price, currently at 497.20, which reflects a decrease of 1.6 points or 0.32%. The stock has been losing value for the last two days, with a total drop of 3.45% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, while there has been a significant increase in delivery volume, rising by 208.82% against the 5-day average, the company has shown poor long-term growth with net sales growing at an annual rate of only 3.71% over the last five years. The recent quarterly results also indicate a decline in net sales and operating profit, contributing to the stock's negative performance.
In the broader market context, Panasonic Carbon's short-term performance has been notably weaker than the benchmark, with a 1-week return of -2.89% compared to the Sensex's slight gain of 0.16%. Over the past year, the stock has underperformed the benchmark, generating a return of -5.83% while the Sensex has seen a modest increase of 0.05%. This consistent underperformance against the benchmark, coupled with a high valuation relative to its peers and flat quarterly results, suggests that investor sentiment remains cautious, further contributing to the stock's downward trajectory.