Why is Chembond Materi. falling/rising?

As of 12-Sep, Chembond Material Technologies Ltd is experiencing a price increase, currently at 185.00, reflecting a change of 2.55 (1.4%) upwards. The stock has shown a positive performance today, outperforming its sector by 0.52% and has been on a consecutive gain for the last two days, with a total return of 1.96% during this period. In terms of returns compared to the benchmark, the stock has gained 5.23% over the past week and 6.87% over the past month, which is significantly higher than the Sensex's gains of 1.48% and 2.08%, respectively. However, it is important to note that the stock has a year-to-date decline of 68.92%, indicating a long-term downward trend despite recent short-term gains. Additionally, there has been a decrease in investor participation, with delivery volume falling by 4.53% against the 5-day average, which may affect future price movements.
Broader Market Context: The stock's recent short-term performance has outpaced the benchmark, suggesting a temporary positive sentiment among investors. While the stock has shown improvement in the short term, it still faces significant challenges given its substantial year-to-date decline compared to the Sensex's positive return of 4.82%. The broader market context indicates that while Chembond Material Technologies Ltd is currently gaining traction, the long-term outlook remains concerning, as evidenced by its poor performance over the past year and three years relative to the benchmark.