Why is Panasonic Carbon falling/rising?

As of 12-Aug, Panasonic Carbon India Company Ltd. is experiencing a price increase, currently at Rs 485.05, which reflects a rise of Rs 7.05 or 1.47%. The stock has shown a positive performance today, outperforming its sector by 1.05% and has been gaining for the last two days, accumulating a total return of 1.9% during this period. However, it is important to note that despite this recent uptick, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term downward trend. Additionally, there has been a significant decline in investor participation, with delivery volume dropping by 35.11% compared to the 5-day average, which may suggest waning interest among investors.
In the broader market context, Panasonic Carbon's performance over the past week shows a decline of 1.59%, while the benchmark Sensex has only fallen by 0.59%, indicating that the stock is underperforming relative to the market. Over the past month, the stock has decreased by 6.24%, compared to a 2.75% decline in the Sensex, further highlighting its weaker position. Year-to-date, Panasonic Carbon is down 11.84%, contrasting sharply with the Sensex's gain of 2.68%. This disparity in performance suggests that while the stock may be experiencing a short-term rise, its overall trajectory remains concerning when viewed against broader market trends.