Why is Chembond Materi. falling/rising?

As of 07-Aug, Chembond Material Technologies Ltd is currently priced at 175.00, reflecting a decrease of 2.05, or 1.16%. The stock has been experiencing a downward trend, having fallen for the last two days, resulting in a total decline of 5.79% during this period. Today, the stock opened with a significant loss of 3.81% and reached a new 52-week low of Rs. 170.3. It has also been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, investor participation has decreased, with delivery volume dropping by 18.37% compared to the 5-day average, suggesting a lack of confidence among investors.
In the broader market context, Chembond's performance over the past week shows a decline of 3.31%, which is significantly worse than the Sensex's drop of only 0.69%. Over the past month, the stock has plummeted by 23.23%, while the Sensex has only fallen by 3.38%. Year-to-date, Chembond's stock has seen a staggering decline of 70.60%, contrasting sharply with the Sensex's gain of 3.18%. This stark difference in performance highlights the stock's struggles relative to the broader market, reinforcing the negative sentiment surrounding Chembond Material Technologies Ltd.