Why is Chembond Materi. falling/rising?

As of 29-Jul, Chembond Material Technologies Ltd is experiencing a decline in its stock price, currently at Rs 184.90, which reflects a decrease of Rs 6.15 or 3.22%. The stock has hit a new 52-week low of Rs 181.5 today and has been on a downward trend, losing value for the past six consecutive days, resulting in a total decline of 17.09% during this period. Additionally, the stock has underperformed its sector by 3.64% today. Over the past year, Chembond has generated a staggering return of -71.73%, with its profits falling by 33.9%. The company's recent financial performance has been disappointing, with a significant drop in net sales and profit after tax, contributing to the negative sentiment surrounding the stock.
In the broader market context, Chembond's short-term performance has been notably worse than the benchmark, with a 1-week return of -16.71% compared to the Sensex's -1.03%. This stark contrast highlights the stock's struggles relative to the overall market. Despite having a low debt-to-equity ratio and a healthy long-term growth rate in operating profit, the recent negative results and underperformance over various time frames have led to a decline in investor participation, as evidenced by a significant drop in delivery volume. The stock's current trading levels are below all major moving averages, indicating a bearish trend that further exacerbates the situation.