Why is Panasonic Carbon falling/rising?

As of 10-Sep, Panasonic Carbon India Company Ltd. is currently priced at 492.65, reflecting an increase of 1.65 or 0.34%. However, the stock has shown underperformance in today's trading, falling short of its sector by 0.65%. The stock is trading below its moving averages across all time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a significant drop in investor participation, with delivery volume decreasing by 45.68% compared to the 5-day average. Over the past year, the stock has generated a return of -27.99%, indicating poor long-term growth, with net sales and operating profit growing at rates of only 5.58% and 4.48%, respectively. The company's valuation appears expensive with a Price to Book Value of 1.4, and while profits have risen by 5.9%, the stock's performance remains below par.
In the broader market context, Panasonic Carbon's short-term performance has been lackluster compared to the benchmark, as it has declined by 0.42% over the past week while the Sensex has increased by 1.06%. This underperformance is further highlighted by the stock's negative returns over various periods, including a year-to-date decline of 10.46% against a 4.21% gain in the benchmark. The company's flat results in June and reliance on non-operating income for a significant portion of its profit before tax contribute to a negative outlook. Overall, the combination of poor recent performance, declining investor interest, and unfavorable comparisons to the benchmark suggests that the stock's price movement is primarily driven by these negative factors.