Why is Chembond Materi. falling/rising?

As of 15-Sep, Chembond Material Technologies Ltd is experiencing a decline in its stock price, currently at Rs 181.00, which reflects a decrease of Rs 4.0 or 2.16%. The stock has underperformed its sector by 2.74% today and has fallen after two consecutive days of gains. It reached an intraday low of Rs 180.8, indicating a drop of 2.27%. Additionally, the stock's performance over the past week shows a slight decline of 0.08%, while it has increased by 6.41% over the past month. However, the year-to-date performance is significantly negative at -69.59%, and the one-year return is down by 70.42%. The stock is currently trading above its 5-day moving averages but below its 20, 50, 100, and 200-day moving averages. Notably, there has been a substantial decrease in investor participation, with delivery volume falling by 58.59% compared to the 5-day average.
In the broader market context, the Sensex has shown a positive return of 1.24% over the past week and 1.47% over the past month, contrasting sharply with Chembond's recent performance. The stock's year-to-date decline of 69.59% is significantly worse than the Sensex's gain of 4.67% during the same period. This stark difference highlights the challenges faced by Chembond Material Technologies Ltd in attracting investor interest, particularly as liquidity remains adequate for small trade sizes. Overall, the combination of poor recent performance, declining investor participation, and a lack of positive factors has contributed to the stock's downward movement.