Why is Panasonic Carbon falling/rising?

As of 16-Sep, Panasonic Carbon India Company Ltd. has seen its stock price rise to 497.50, reflecting an increase of 2.15 (0.43%). The stock has been gaining momentum, with a consecutive gain over the last two days and a total return of 2.58% during this period. While the stock has outperformed its sector by 0.25%, it has shown mixed performance over longer periods, with a decline of 0.35% over the past month and a significant drop of 25.17% over the last year. The company maintains a low debt-to-equity ratio, which is a positive factor, but its long-term growth prospects appear weak, with net sales and operating profit growing at rates of only 5.58% and 4.48%, respectively, over the last five years. Additionally, the stock's valuation is considered expensive with a price-to-book value of 1.4, and despite a slight increase in profits, the stock has underperformed significantly compared to broader market indices.
In the broader market context, the stock's short-term return of 1.32% over the past week is slightly below the benchmark Sensex, which has increased by 1.58% during the same period. This indicates that while Panasonic Carbon is experiencing a short-term uptick, it is not keeping pace with the overall market. The stock's year-to-date performance is notably poor, with a decline of 9.58% compared to a 5.43% rise in the Sensex, highlighting its struggles in the current market environment. Overall, while recent gains may suggest a positive shift, the long-term outlook remains concerning, and the stock continues to face challenges that could impact its future performance.