Why is Panasonic Carbon falling/rising?

As of 22-Aug, Panasonic Carbon India Company Ltd. is experiencing a decline in its stock price, currently at 500.00, which reflects a decrease of 2.55 points or 0.51%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 0.99% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has also shown poor performance over various time frames, with a year-to-date return of -9.12% and a one-year return of -19.67%. Despite a low debt-to-equity ratio and a fair valuation compared to peers, the company's long-term growth prospects appear weak, with net sales and operating profit growing at rates of only 5.58% and 4.48%, respectively, over the last five years.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a one-week return of -0.48% compared to the Sensex's gain of +0.88%. This underperformance is compounded by a significant drop in investor participation, as evidenced by a 41.02% decrease in delivery volume against the five-day average. The stock's recent flat results and a relatively high price-to-book value suggest that it is perceived as expensive, further contributing to its declining price. Overall, the combination of poor recent performance, weak growth indicators, and declining investor interest has led to the stock's downward movement.