Why is Chembond Materi. falling/rising?

As of 11-Sep, Chembond Material Technologies Ltd is currently priced at 182.45, reflecting an increase of 1.0 (0.55%). The stock has shown a positive performance today, outperforming its sector by 0.69%, and reached an intraday high of Rs 186.75, which is a 2.92% increase. Over the past week, the stock has risen by 2.44%, and in the last month, it has gained 3.64%. However, despite these short-term gains, the stock has experienced a significant decline of 69.64% over the past year, with profits falling by 33.9%. The company maintains a low debt-to-equity ratio and has demonstrated healthy long-term growth with an operating profit growth rate of 44.68%. Nevertheless, negative results reported for the quarter ending June 25, including a 46.22% decline in PAT and a 16.1% drop in net sales, have contributed to its overall poor performance.
In the broader market context, Chembond's short-term performance has outpaced the Sensex, which has only increased by 1.03% over the past week. However, the stock's year-to-date performance is starkly negative at -69.35%, contrasting sharply with the Sensex's positive return of 4.36%. This underperformance over the long term, coupled with the recent negative financial results, suggests that while there may be some short-term investor interest, the overall sentiment remains cautious due to the company's significant historical losses and declining profits.