Why is Chembond Materi. falling/rising?

As of 16-Sep, Chembond Material Technologies Ltd is experiencing a price increase, with its current price at Rs 183.35, reflecting a rise of Rs 2.35 or 1.3%. Today's performance indicates that the stock has outperformed its sector by 0.8%, reaching an intraday high of Rs 194.65, which is a 7.54% increase. However, despite this positive movement, the stock has shown a significant decline over the past year, with a return of -70.56%. The company has a low Debt to Equity ratio and has demonstrated healthy long-term growth with an annual operating profit increase of 44.68%. Nevertheless, its profits have fallen by 33.9%, and the stock is trading at a discount compared to its peers, indicating mixed signals regarding its valuation.
In the broader market context, the stock's short-term return of +0.80% over the past week is lower than the benchmark Sensex's return of +1.58%. This underperformance in the short term contrasts sharply with the stock's long-term struggles, as it has consistently underperformed against the BSE500 over the last three years, one year, and three months. The recent decline in investor participation, with a significant drop in delivery volume, further complicates the stock's outlook, suggesting that while there may be some short-term gains, the long-term performance remains concerning.