Why is Panasonic Energy falling/rising?

As of 24-Sep, Panasonic Energy India Company Ltd is experiencing a decline in its stock price, currently at Rs 360.20, reflecting a decrease of Rs 4.5 or 1.23%. The stock has been underperforming, having fallen consecutively for the last six days, resulting in an overall drop of 8.69% during this period. Today's performance indicates that it has underperformed its sector by 1.2%. Additionally, the stock's returns over the past week show a decline of 5.31%, while it has generated a negative return of 26.50% over the past year, with profits decreasing by 35.8%. Despite a low debt-to-equity ratio and attractive valuation metrics, the stock's recent performance has been adversely affected by disappointing financial results and a significant drop in investor participation, with delivery volume falling by 81.84% compared to the five-day average.
In the broader market context, the Sensex has also shown a decline of 1.18% over the past week, indicating a challenging environment for stocks in general. However, Panasonic Energy's performance has been notably worse than the benchmark, particularly in the short term. While the stock has seen a positive return of 5.01% over the past month, its year-to-date performance remains significantly negative at -21.41%, contrasting sharply with the Sensex's positive return of 4.58% during the same period. This underperformance relative to the benchmark, combined with the company's recent financial struggles, suggests a lack of investor confidence, contributing to the stock's ongoing decline.