Why is Panasonic Energy falling/rising?

As of 01-Sep, Panasonic Energy India Company Ltd's stock price is currently at 343.90, reflecting an increase of 6.85 or 2.03%. Today, the stock opened with a gain of 2.36% and reached an intraday high of Rs 345. However, it has underperformed its sector by 1.43%. Over the past week, the stock has seen a modest increase of 1.64%, but it has significantly underperformed over the longer term, with a decline of 24.96% year-to-date and 33.28% over the past year. The company has a low debt-to-equity ratio and a favorable return on equity of 7.9, indicating a potentially attractive valuation. However, negative results reported for June, including the lowest operating profit to net sales ratio and a significant drop in profits, have contributed to the stock's overall decline.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has seen a slight decline of 0.29% over the past month. While the battery sector has gained by 3.47%, Panasonic Energy's stock has not capitalized on this trend, indicating a lack of investor confidence. Additionally, a notable decrease in delivery volume suggests falling investor participation, which may further pressure the stock. Overall, despite today's positive movement, the long-term performance and recent negative financial results weigh heavily on the stock's outlook.