Why is Chembond Materi. falling/rising?

As of 26-Aug, Chembond Material Technologies Ltd is experiencing a decline in its stock price, currently at Rs 185.00, which reflects a decrease of Rs 4.0 or 2.12%. The stock has recently fallen after six consecutive days of gains, touching an intraday low of Rs 177.05, which represents a significant drop of 6.32%. Over the past week, the stock has shown a positive return of 5.11%, but it has underperformed in the longer term, with a one-month return of -8.01% and a year-to-date return of -68.92%. The company's financial performance has been concerning, with a notable decline in net sales and profit after tax, contributing to a negative sentiment among investors. Additionally, the stock's delivery volume has decreased significantly, indicating falling investor participation.
In the broader market context, Chembond Material Technologies Ltd's performance contrasts sharply with the Sensex, which has shown a slight decline of 1.05% over the past week. The stock's long-term performance has also been poor, with a one-year return of -70.77%, significantly underperforming the benchmark indices. Despite having a low debt-to-equity ratio and healthy long-term growth in operating profit, the stock's recent negative results and underperformance relative to peers have led to a lack of investor confidence. This combination of factors has contributed to the stock's downward movement in the market.