Why is Chembond Materi. falling/rising?

As of 14-Jul, Chembond Material Technologies Ltd is experiencing a price increase, currently at Rs 224.00, reflecting a rise of Rs 3.45 or 1.56%. Today's price summary indicates that the stock opened with a gain of 3.38% and reached an intraday high of Rs 228, following four consecutive days of decline. However, it also hit a new 52-week low of Rs 211 earlier in the day. The stock has underperformed significantly over the past year, with a return of -64.72%, and has shown a decline of -8.98% over the past month. The company's financials reveal a concerning trend, with a -56.03% growth in PAT and a -37.2% drop in net sales, contributing to its overall negative performance.
In the broader market context, Chembond's short-term performance contrasts with the Sensex, which has seen a slight decline of -1.42% over the past week. Despite today's positive movement, the stock's long-term outlook remains bleak, as it has underperformed against the BSE500 over various time frames. The company's low debt-to-equity ratio and attractive valuation metrics, such as a 1.9 Price to Book Value, suggest potential for recovery; however, the significant drop in profits and sales raises concerns about its sustainability. Overall, while there is a temporary uptick in price, the underlying financial challenges and historical performance indicate a cautious outlook for investors.