Why is Panasonic Energy falling/rising?

As of 02-Sep, Panasonic Energy India Company Ltd is experiencing a price increase, currently at 346.00, reflecting a rise of 2.1 (0.61%). The stock has shown a consecutive gain over the last two days, with a total return of 2.66% during this period. However, it has underperformed its sector by 0.64%. Despite being higher than its 5-day moving average, the stock remains below its 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has generated a return of -31.34%, with profits declining by 35.8%. The company maintains a low debt-to-equity ratio and an attractive valuation, trading at a discount compared to its peers, which may provide some support for its recent price movement.
In the broader market context, the stock has outperformed the Sensex over the past week, gaining 1.35% while the benchmark declined by 0.78%. However, it has significantly underperformed over longer periods, including a -6.03% return over the past month compared to a -0.55% decline in the Sensex, and a -24.50% year-to-date return against a 2.58% increase in the benchmark. This underperformance, coupled with falling investor participation indicated by a 33.35% drop in delivery volume, suggests that while there may be short-term gains, the stock faces challenges in maintaining momentum in a broader context of declining profitability and market performance.