Why is Chembond Materi. falling/rising?

As of 13-Oct, Chembond Material Technologies Ltd is experiencing a decline in its stock price, currently at Rs. 166.20, which represents a decrease of Rs. 2.8 or 1.66%. The stock has hit a new 52-week low of Rs. 162 today and has shown significant volatility, trading within a wide range of Rs. 36. Despite opening with a gain of 17.16%, the stock has underperformed its sector by 1.04%. Over the past week, the stock has decreased by 7.87%, and year-to-date, it has plummeted by 72.08%, indicating a substantial downward trend compared to the benchmark Sensex, which has gained 5.36% during the same period. Additionally, the stock is trading below all major moving averages, and there has been a notable decline in investor participation, with delivery volume dropping by 60.99% against the five-day average.
In the broader market context, the performance of Chembond Material Technologies Ltd has been significantly weaker than the benchmark Sensex, which has shown positive returns over the same periods. The stock's year-to-date decline of 72.08% starkly contrasts with the Sensex's gain of 5.36%, highlighting a severe underperformance. This disparity suggests that investor sentiment towards Chembond is negative, compounded by high volatility and falling liquidity, which may deter potential investors. The lack of positive factors in the provided data further emphasizes the challenges the company faces in regaining investor confidence.