Why is Panasonic Carbon falling/rising?

As of 09-Sep, Panasonic Carbon India Company Ltd. is experiencing a decline in its stock price, currently at 491.00, which reflects a decrease of 5.0 or 1.01%. The stock has underperformed its sector by 1.79% today and has fallen after two consecutive days of gains. It is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 0.51%, while it has shown a modest increase of 3.35% over the last month. However, the stock has significantly underperformed over the longer term, with a year-to-date decline of 10.76% and a staggering drop of 27.04% over the past year. Despite a low debt-to-equity ratio and rising investor participation, the company's poor long-term growth, reflected in its net sales and operating profit growth rates, raises concerns about its valuation and future performance.
In the broader market context, the Sensex has increased by 1.18% over the past week and 1.56% over the last month, indicating that the overall market is performing better than Panasonic Carbon. The stock's negative performance contrasts sharply with the benchmark, which has shown a positive return of 3.79% year-to-date. This underperformance is compounded by the company's flat results and reliance on non-operating income, which constitutes a significant portion of its profit before tax. The stock's valuation appears expensive relative to its return on equity, further contributing to investor skepticism and the stock's downward movement.