Why is Chembond Materi. falling/rising?

As of 01-Aug, Chembond Material Technologies Ltd is experiencing a decline in its stock price, currently at Rs. 179.60, which reflects a decrease of Rs. 1.4 or 0.77%. The stock has hit a new 52-week low of Rs. 175.05 today and has been on a downward trend, falling consecutively for the last two days with a total decline of 3.75%. Over the past week, the stock has underperformed significantly, with a return of -10.69%, and has generated a staggering -72.98% return over the past year. The company's financial performance has also been concerning, with a reported decline in net sales and profit after tax, contributing to the stock's negative sentiment among investors.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has only declined by 1.06% over the past week. The chemicals sector, in which Chembond operates, has also seen a downturn, falling by 2.02%. Despite the company's low debt-to-equity ratio and healthy long-term growth in operating profit, the significant drop in profits and underperformance compared to peers have led to a lack of investor confidence. Additionally, the falling delivery volume indicates reduced investor participation, further exacerbating the stock's decline.