Why is Panasonic Carbon falling/rising?

As of 04-Sep, Panasonic Carbon India Company Ltd. is experiencing a decline in its stock price, currently at 490.15, which reflects a decrease of 4.6 or 0.93%. The stock has underperformed its sector by 1.14% today and has fallen after two consecutive days of gains. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume decreasing by 11.24% compared to the 5-day average. Over the past year, the stock has generated a return of -23.89%, which is significantly lower than the BSE500 benchmark, reflecting poor long-term growth with net sales and operating profit growth rates of only 5.58% and 4.48%, respectively.
In the broader market context, the stock's short-term performance has been negative, with a 1-week return of -0.98%, while the Sensex has gained 0.80% during the same period. This underperformance is compounded by the company's high valuation metrics, such as a Price to Book Value of 1.4 and a PEG ratio of 1.8, suggesting that the stock may be overvalued relative to its earnings growth. Furthermore, the company has shown flat results in its latest quarter, with a significant portion of profit before tax coming from non-operating income, which raises concerns about the sustainability of its earnings. Overall, these factors contribute to a negative sentiment surrounding the stock, leading to its current decline.