Why is Panasonic Carbon falling/rising?

As of 20-Aug, Panasonic Carbon India Company Ltd. is currently priced at 505.00, reflecting an increase of 5.1 or 1.02%. The stock has been gaining for the last two days, with a total return of 1.22% during this period, and it has outperformed its sector by 1.21%. However, despite this recent uptick, the stock has shown a negative performance over the past week and month, with returns of -0.01% and -4.90%, respectively. The company has a low debt-to-equity ratio, which is a positive factor, yet it faces challenges with poor long-term growth, as evidenced by its annual net sales growth of only 5.58% and operating profit growth of 4.48% over the last five years. Additionally, the stock's valuation appears expensive with a price-to-book value of 1.4, and it has underperformed in the long term, generating -18.40% returns over the past year.
In the broader market context, the Sensex has increased by 1.64% over the past week, while Panasonic Carbon's performance has been flat, indicating a significant underperformance compared to the benchmark. The stock's liquidity is adequate for trading, but there has been a notable decline in investor participation, with delivery volume dropping by 58.63% against the five-day average. This decline in participation, coupled with the company's flat results and reliance on non-operating income, suggests that while there may be short-term gains, the overall outlook remains cautious, reflecting broader market trends and investor sentiment.