Why is Chembond Materi. falling/rising?

As of 23-Jul, Chembond Material Technologies Ltd is experiencing a decline in its stock price, currently at Rs. 211.00, which reflects a decrease of Rs. 11.0 or 4.95%. The stock has hit a new 52-week low of Rs. 210.9 today and has underperformed its sector by 4.64%. It has been on a downward trend for the last two days, with a total decline of 5.38% during this period. The stock is trading below all its moving averages, indicating a bearish sentiment, and there has been a significant drop in investor participation, with delivery volume falling by 42.94% compared to the 5-day average. Over the past year, the stock has generated a return of -65.57%, while profits have decreased by 30.6%, contributing to its negative performance. In the broader market context, the stock's short-term performance has been notably poor, with a 1-week return of -5.74%, while the benchmark Sensex has seen a slight increase of 0.11%. This stark contrast highlights the stock's struggles relative to the market. Additionally, the company has reported a significant decline in net sales and profit after tax over the last six months, which further exacerbates its underperformance compared to the BSE500 index over the past three years, one year, and three months. Despite having a low debt-to-equity ratio and an attractive valuation, the overall negative financial indicators and the stock's consistent underperformance have led to its current downward trajectory.