Ion Exchange (India) Stock Plummets to 52-Week Low of Rs. 384

Ion Exchange (India) has reached a new 52-week low, hitting Rs. 384 today, marking a significant decline in its stock performance. This drop comes as the company has underperformed its sector by 1.03% and has seen a consecutive fall over the past two days, resulting in a total decline of 4.61%. The stock's intraday low of Rs. 384 reflects a decrease of 3.21% from previous levels.
In terms of moving averages, Ion Exchange is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past year, the stock has experienced a substantial decline of 45.32%, contrasting sharply with the Sensex, which has gained 3.84% during the same period.

Despite a high return on equity (ROE) of 22.67% and a low debt-to-equity ratio, the company's long-term growth appears limited, with net sales and operating profit growing at annual rates of 15.14% and 14.51%, respectively, over the last five years. The stock's performance continues to raise questions as it navigates a challenging market landscape.