Why is Panasonic Carbon falling/rising?

As of 05-Sep, Panasonic Carbon India Company Ltd. is experiencing a price increase, currently at 495.90, reflecting a rise of 5.75 or 1.17%. Today's performance indicates that the stock has outperformed its sector by 1.79%. However, while the stock is currently above its 5-day and 20-day moving averages, it remains below its longer-term moving averages (50-day, 100-day, and 200-day). The stock has shown a modest increase of 0.85% over the past week, but it has significantly underperformed over the longer term, with a year-to-date decline of 9.87% and a one-year drop of 26.53%. The company's low debt-to-equity ratio is a positive factor, but its poor long-term growth, reflected in a low annual net sales growth rate and a high price-to-book value, raises concerns about its valuation.
In the broader market context, the Sensex has increased by 1.13% over the past week, indicating that while Panasonic Carbon has shown some short-term resilience, it still lags behind the benchmark in terms of year-to-date performance. The stock's recent rise may be attributed to short-term trading dynamics rather than strong fundamentals, as evidenced by falling investor participation and below-par performance in both the near and long term. The company's flat results in June and reliance on non-operating income further complicate its outlook, suggesting that despite the current uptick, the stock's overall trajectory remains concerning compared to broader market trends.