Why is Chembond Materi. falling/rising?

As of 12-Nov, Chembond Material Technologies Ltd is experiencing a price increase, with its current price at Rs 182.00, reflecting a rise of Rs 17.5 or 10.64%. The stock has shown strong performance today, outperforming its sector by 9.56% and achieving consecutive gains over the last two days, with a total return of 11.01% during this period. The stock reached an intraday high of Rs 191.15, indicating significant volatility with an intraday fluctuation of 6.44%. Additionally, the stock's delivery volume has increased by 21.2% compared to the five-day average, suggesting rising investor participation. However, the stock remains lower than its 100-day and 200-day moving averages, indicating that while it is currently gaining, it has faced substantial declines over the longer term, with a year-to-date drop of 69.42%.
In the broader market context, Chembond Material Technologies Ltd has outperformed the Sensex in the short term, with a weekly return of 5.54% compared to the Sensex's 1.21%. Over the past month, the stock has also shown a return of 7.69%, again surpassing the Sensex's 2.38%. Despite these short-term gains, the stock has significantly underperformed over the longer periods, with a year-over-year decline of 68.36% compared to the Sensex's increase of 7.36%. This stark contrast highlights the stock's volatility and the challenges it has faced in the market, despite recent positive movements.