Why is Chembond Materi. falling/rising?

As of 31-Jul, Chembond Material Technologies Ltd is experiencing a decline in its stock price, currently at Rs 181.00, which represents a decrease of Rs 5.6 or 3.0%. The stock has underperformed significantly, with a 1-week return of -12.50% and a 1-month return of -19.91%. Today, the stock opened with a loss of 3.43% and reached an intraday low of Rs 178.3, which is only 1.77% above its 52-week low. Additionally, the stock is trading below all key moving averages and has seen a substantial drop in investor participation, with delivery volume falling by 57.31% compared to the 5-day average. The company's recent financial performance has also been poor, with a net sales decline of 16.1% and a significant drop in profits, contributing to the negative sentiment surrounding the stock.
In the broader market context, the Sensex has only decreased by 1.22% over the past week, indicating that Chembond Material Technologies Ltd's decline is more pronounced than the overall market trend. The stock has generated a staggering -72.66% return over the past year, contrasting sharply with the Sensex's slight decline of 0.68% during the same period. Although the company has a low debt-to-equity ratio and has shown healthy long-term growth in operating profit, the recent negative financial results and underperformance relative to the BSE500 index have overshadowed these positives, leading to a bearish outlook among investors.