Why is Chembond Materi. falling/rising?

As of 15-Jul, Chembond Material Technologies Ltd is currently priced at 224.05, reflecting a slight increase of 0.05 (0.02%). The stock has shown a positive movement over the last two days, gaining 1.59%, although it has underperformed its sector by 1.07% today. Despite this recent uptick, the stock has experienced significant declines over the past month and year, with returns of -8.96% and -64.58%, respectively. The company has a low Debt to Equity ratio and an attractive valuation with a Price to Book Value of 1.9, but its profits have fallen by 30.6% over the past year, contributing to the overall negative sentiment surrounding the stock.
In the broader market context, Chembond Material Technologies Ltd's short-term performance has been relatively better than the benchmark Sensex, which has declined by 1.36% over the past week. However, the stock's long-term performance has been disappointing, underperforming the BSE500 over the last three years, one year, and three months. The company's recent financial results indicate a significant drop in net sales and profit after tax, which raises concerns about its future growth prospects. Overall, while there are some positive indicators such as rising investor participation, the prevailing negative trends in profitability and long-term performance overshadow the recent price increase.