Why is Chembond Materi. falling/rising?

As of 09-Jul, Chembond Material Technologies Ltd is experiencing a decline in its stock price, currently at Rs. 224.50, which reflects a decrease of Rs. 2.35 or 1.04%. The stock has recently hit a new 52-week low of Rs. 220 and has underperformed its sector by 1.02%. Over the past week, the stock has fallen by 1.97%, and its year-to-date performance shows a significant decline of 62.28%. The company has reported a decrease in net sales by 37.2% compared to the previous quarter, and its profits have also fallen by 30.6% over the past year, contributing to the negative sentiment surrounding the stock. Although it has a low debt-to-equity ratio and an attractive valuation, these factors have not been sufficient to counterbalance the poor performance metrics and the stock's substantial decline over the last year.
In the broader market context, Chembond Material Technologies Ltd has underperformed the Sensex, which has gained 6.91% year-to-date, while the stock has plummeted by 62.28%. The stock's performance over the last month shows a decline of 10.91%, contrasting sharply with the Sensex's increase of 1.32%. This stark difference highlights the challenges faced by Chembond Material Technologies Ltd in the current market environment, as it continues to struggle with below-par performance both in the near term and long term, leading to a lack of investor confidence despite some positive financial ratios.