Why is Panasonic Carbon falling/rising?

As of 11-Sep, Panasonic Carbon India Company Ltd. is experiencing a decline in its stock price, currently at 492.20, which reflects a decrease of 0.45 (-0.09%). The stock 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 significant drop in investor participation, with delivery volume falling by 68.42% compared to the 5-day average. Over the past year, the stock has generated a return of -25.98%, which is considerably lower than the benchmark Sensex's return of +0.03%. The company's financials show poor long-term growth, with net sales and operating profit growing at rates of only 5.58% and 4.48% respectively over the last five years, contributing to a negative sentiment around the stock.
In the broader market context, the stock's short-term performance has lagged behind the Sensex, which has risen by 1.03% over the past week while Panasonic Carbon has only increased by 0.42%. 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, which suggest that the stock may be overvalued relative to its earnings growth. Furthermore, the flat results reported in June, where non-operating income constituted a significant portion of profit before tax, raise concerns about the sustainability of earnings. Overall, the combination of declining investor interest, poor growth prospects, and unfavorable comparisons to the broader market contribute to the stock's downward movement.