Why is Chembond Materi. falling/rising?

As of 01-Jul, Chembond Material Technologies Ltd is experiencing a decline in its stock price, currently at Rs 226.00, reflecting a decrease of Rs 4.2 or 1.82%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 4.42% during this period. Additionally, it is trading close to its 52-week low, just 1.33% above Rs 223. The stock's performance over the past month shows a significant decline of 8.50%, while its year-to-date return is a staggering -62.03%. The company's financials indicate a concerning trend, with a recent PAT growth of -56.03% and a net sales drop of -37.2% compared to the previous four-quarter average, contributing to the negative sentiment surrounding the stock.
In the broader market context, Chembond Material Technologies Ltd has underperformed against the Sensex, which has gained 2.00% over the past week, while the stock has only increased by 0.04%. This underperformance is further highlighted by its long-term returns, where it has lagged behind the BSE500 over the last three years, one year, and three months. The stock's liquidity is also a concern, with a significant drop in delivery volume by 70.13% against the five-day average, indicating falling investor participation. Despite having a low debt-to-equity ratio and an attractive valuation with a price-to-book value of 1.9, the overall negative performance metrics and declining profits have overshadowed these positives, leading to a bearish outlook for the stock.