Why is Chembond Materi. falling/rising?

As of 06-Nov, Chembond Material Technologies Ltd is experiencing a decline in its stock price, currently at Rs 165.95, which reflects a decrease of Rs 6.5 or 3.77%. The stock has underperformed today, opening with a loss of 4.32% and reaching an intraday low of Rs 165. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 3.4% away from Rs 160.3. Over the past week, the stock has fallen by 6.16%, and year-to-date, it has plummeted by 72.12%, contrasting sharply with the Sensex, which has gained 6.62% during the same period.
In the broader market context, Chembond's recent performance is significantly worse than the benchmark index, as it has declined more than four times the Sensex's 1.30% drop over the past week. The stock's liquidity appears to be adequate, but there has been a notable decrease in investor participation, with delivery volume dropping by 42.86% compared to the 5-day average. This lack of interest from investors, combined with the stock's poor performance relative to both its historical returns and the market, suggests a challenging environment for Chembond Material Technologies Ltd.