Why is Panasonic Energy falling/rising?

As of 19-Aug, Panasonic Energy India Company Ltd's stock price is currently at 344.70, reflecting an increase of 8.9 or 2.65%. The stock has shown a positive trend recently, gaining 4.53% over the last two days, although it underperformed its sector by 0.92% today. Despite this short-term gain, the stock has experienced a significant decline of 35.09% over the past year, with profits also falling by 35.8%. The company has a low Debt to Equity ratio and an attractive valuation with a Price to Book Value of 2.4, indicating it is trading at a discount compared to its peers. However, negative results reported for the quarter ending June 25, including the lowest operating profit to net sales ratio and cash equivalents, have contributed to a generally bearish outlook.
In the broader market context, the stock's recent performance of +2.90% over the past week outpaces the Sensex's gain of +1.76%, suggesting a relative strength in the short term. However, the stock's year-to-date performance is notably poor at -24.79%, contrasting sharply with the Sensex's positive return of +4.49%. This disparity highlights the stock's struggles in the longer term, as it has underperformed the benchmark over various time frames, including the last three years and one year. The overall market sentiment appears cautious, particularly given the falling investor participation and liquidity issues, which may further hinder the stock's recovery.