Why is Panasonic Energy falling/rising?

As of 03-Sep, Panasonic Energy India Company Ltd's stock is currently priced at 352.00, reflecting an increase of 6.0 or 1.73%. The stock has shown a positive trend recently, gaining 4.44% over the last three days, outperforming its sector by 1.28%. However, despite this short-term gain, the stock has underperformed over the longer term, with a year-to-date decline of 23.19% and a one-year return of -30.98%. The company's low Debt to Equity ratio and attractive valuation with a Price to Book Value of 2.4 suggest some underlying strength, but the significant drop in profits by 35.8% over the past year raises concerns about its financial health.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has seen a slight decline of 0.27% over the past week. While Panasonic Energy has outperformed the benchmark in the short term, its long-term performance remains below par, as indicated by its negative returns over the past year and three years compared to the BSE500. Additionally, the falling investor participation, evidenced by a 20.63% drop in delivery volume, suggests a lack of confidence among investors, which could hinder any sustained recovery in the stock price.