Why is Panasonic Energy falling/rising?

As of 05-Sep, Panasonic Energy India Company Ltd is experiencing a price increase, currently at 352.90, reflecting a change of 4.3 or 1.23% upward. Despite this rise, the stock has underperformed its sector by 0.25% today. The stock is trading above its 5-day and 20-day moving averages but below its longer-term moving averages, indicating mixed momentum. Over the past week, the stock has gained 4.70%, contrasting with a 5.77% decline over the past month and a significant 30.23% drop over the past year. The company has a low debt-to-equity ratio and an attractive valuation with a price-to-book value of 2.5, but it has also seen a 35.8% decline in profits, contributing to its negative performance.
Broader market context shows that while the Sensex has increased by 1.13% over the past week, Panasonic Energy's short-term performance has outpaced this benchmark. However, the stock's long-term returns are concerning, with a 23.00% decline year-to-date and a 30.23% drop over the past year, indicating a broader struggle compared to the market. The falling investor participation, evidenced by a 44.95% drop in delivery volume, suggests waning interest, which may hinder sustained price increases despite today's uptick. Overall, the stock's recent rise appears to be a temporary reaction rather than a sign of a robust recovery.