Why is Chembond Materi. falling/rising?

As of 30-Jul, Chembond Material Technologies Ltd's stock price is currently at Rs. 186.60, reflecting an increase of Rs. 1.7 or 0.92%. The stock has recently experienced a trend reversal, gaining after six consecutive days of decline. However, it hit a new 52-week low of Rs. 177.8 today, indicating significant volatility. Over the past week, the stock has dropped by 11.56%, and it has underperformed the benchmark Sensex, which declined by only 1.50%. The stock's performance over the last year shows a staggering decline of 71.70%, while its profits have decreased by 33.9%. Despite a low debt-to-equity ratio and healthy long-term growth in operating profit, the stock's recent negative results and below-par performance have contributed to its overall decline.
In the broader market context, Chembond Material Technologies Ltd's short-term performance has been notably poor compared to the Sensex, which has shown resilience with a 4.28% increase year-to-date. The stock's recent gains are not enough to offset its long-term underperformance, as it has lagged behind the BSE500 over various time frames. The falling investor participation, as evidenced by a 10.19% drop in delivery volume, further reflects a lack of confidence among investors. While the stock is trading at a discount compared to its peers, the combination of negative financial results and a significant drop in stock value over the past year suggests that the market sentiment remains bearish.