Why is Chembond Materi. falling/rising?

As of 22-Jul, Chembond Material Technologies Ltd is currently priced at Rs 222.00, reflecting a decrease of Rs 1.0 or 0.45%. The stock has shown a decline of 0.91% over the past week and a significant drop of 3.58% over the last month. It is trading close to its 52-week low, being only 4.95% away from Rs 211. The stock's performance today was in line with its sector, but it has been trading below all key moving averages, indicating a bearish trend. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 88.34% compared to the five-day average. The company has experienced a substantial drop in profits, with a year-over-year return of -64.03%, and its net sales have also decreased by 34.90%, contributing to the stock's negative momentum.
In the broader market context, Chembond Material Technologies Ltd has underperformed relative to the Sensex, which has gained 5.18% year-to-date, while the stock has plummeted by 62.70% in the same period. This stark contrast highlights the stock's struggles in both short-term and long-term performance, as it has consistently lagged behind the benchmark indices over various time frames. Despite having a low debt-to-equity ratio and an attractive valuation compared to peers, the company's declining sales and profits have overshadowed these positives, leading to a lack of investor confidence and contributing to the stock's downward trajectory.