Why is Panasonic Energy falling/rising?

As of 20-Aug, Panasonic Energy India Company Ltd is experiencing a decline in its stock price, currently at 343.85, reflecting a decrease of 0.85 or 0.25%. The stock has underperformed its sector by 0.68% today and has seen a trend reversal after two consecutive days of gains. While the stock is trading above its 5-day moving average, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 2.53%, but it has significantly underperformed over the last month and year, with returns of -12.95% and -35.61%, respectively. The company's low debt-to-equity ratio and attractive valuation, indicated by a 2.4 price-to-book value, suggest some underlying strength; however, its profits have fallen by 35.8% over the past year, contributing to the stock's poor performance.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has increased by 1.64% over the past week. Despite a rise in investor participation, as evidenced by a 71.37% increase in delivery volume, the stock's long-term outlook remains concerning due to negative results reported in June, including the lowest operating profit to net sales ratio at 3.93% and a significant drop in cash and cash equivalents. The stock's underperformance against the BSE500 over various time frames further highlights its struggles, indicating that while there may be some short-term interest, the overall sentiment remains negative due to the company's declining profitability and lackluster performance metrics.