Why is Chembond Materi. falling/rising?

As of 05-Aug, Chembond Material Technologies Ltd is experiencing a price increase, with the current price at Rs 185.75, reflecting a rise of Rs 6.15 or 3.42%. The stock has shown a trend reversal, gaining after three consecutive days of decline. It reached an intraday high of Rs 188.5, indicating a positive movement today. However, the stock's performance over the past month has been poor, with a decline of 16.78%, and a significant year-to-date drop of 68.79%. Additionally, the stock has underperformed against the benchmark Sensex over various periods, particularly with a year-over-year decrease of 69.97%. There is a notable decrease in investor participation, as evidenced by a 77.56% drop in delivery volume compared to the five-day average, which may indicate a lack of confidence among investors.
Broader Market Context: In the short term, Chembond Material Technologies Ltd has outperformed the Sensex by 3.35% today, contrasting with the benchmark's decline of 0.77% over the past week. Despite this positive movement today, the stock's long-term performance remains concerning, with significant losses compared to the Sensex over the past year and year-to-date. The broader market context shows that while the stock is currently rising, it has faced substantial challenges, and its overall performance lags behind the market averages, reflecting a complex situation for investors.