Why is Chembond Materi. falling/rising?

As of 04-Jul, Chembond Material Technologies Ltd is currently priced at Rs. 223.20, reflecting a decrease of Rs. 0.8 or 0.36%. The stock has recently hit a new 52-week low of Rs. 221 and has been on a downward trend, losing 2.53% over the last two days. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Additionally, the stock has underperformed significantly over the past year, with a return of -65.14%, while its profits have declined by 30.6%. The recent performance is further compounded by a decrease in investor participation, as evidenced by a 13.18% drop in delivery volume compared to the 5-day average.
In the broader market context, Chembond's short-term performance has been notably worse than the benchmark, with a 1-week return of -5.02% compared to the Sensex's -0.74%. This underperformance is indicative of broader challenges faced by the company, including a significant decline in net sales and a negative growth rate in profit after tax. Despite having a low debt-to-equity ratio and an attractive valuation compared to peers, the stock's persistent decline and poor financial performance suggest a lack of investor confidence, contributing to its falling price.