Why is Chembond Materi. falling/rising?

As of 03-Jul, Chembond Material Technologies Ltd is experiencing a decline in its stock price, currently at Rs. 224.00, which reflects a decrease of Rs. 5.0 or 2.18%. The stock has hit a new 52-week low of Rs. 221.55 today and has underperformed its sector by 2.15%. Over the past week, the stock has decreased by 5.27%, and its year-to-date return stands at a significant decline of 62.37%. The company's financial performance has also been troubling, with a reported PAT growth of -56.03% and a net sales drop of 37.2% compared to the previous quarter's average. Additionally, the stock is trading below all its moving averages, indicating a bearish trend, and there has been a notable decrease in investor participation, with delivery volume falling by 22.62%.
In the broader market context, the stock's performance has been notably worse than the benchmark, as it has declined by 5.27% over the past week while the Sensex has only decreased by 0.62%. This underperformance is consistent with the stock's long-term trend, having generated a return of -65.02% over the past year compared to the Sensex's gain of 4.07%. Despite having a low debt-to-equity ratio and an attractive valuation with a price-to-book value of 1.9, the significant drop in profits and sales has overshadowed these positive aspects, contributing to the stock's downward movement in both the short and long term.