Why is Panasonic Energy falling/rising?

As of 22-Aug, Panasonic Energy India Company Ltd is experiencing a slight increase in its stock price, currently at 343.00, reflecting a change of 0.1 (0.03%) upward. The stock has shown a performance today that outperformed its sector by 0.42% and has gained after two consecutive days of decline. However, the stock's longer-term performance has been concerning, with a return of -35.76% over the past year and a significant drop of -25.16% year-to-date. The company has a low debt-to-equity ratio and an attractive valuation with a price-to-book value of 2.4, but its profits have fallen by 35.8%, contributing to the stock's underperformance compared to its peers.
In the broader market context, the stock has outperformed the Sensex in the short term, with a 1-week return of +4.02% compared to the benchmark's +0.88%. Despite this positive short-term movement, the stock has been underperforming in the long term, with negative returns over the past year and three years. The recent decline in investor participation, indicated by a 71.3% drop in delivery volume, raises concerns about liquidity and investor confidence. Overall, while there are some positive indicators, the stock's recent performance is overshadowed by its long-term struggles and declining profits.