Why is ION Exchange falling/rising?

As of 03-Jul, Ion Exchange (India) Ltd is experiencing a decline in its stock price, currently at 544.30, which represents a decrease of 2.65 (-0.48%). Today's performance indicates that the stock has underperformed its sector by 1.13%. Despite being higher than the 5-day, 20-day, 50-day, and 100-day moving averages, it is lower than the 200-day moving average. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 34.02% against the 5-day average. Over the past year, the stock has generated a return of -16.61%, significantly underperforming the market, which has seen a return of 2.20%. While the company boasts a high return on equity (ROE) of 22.67% and a low debt-to-equity ratio, its long-term growth prospects appear poor, with net sales and operating profit growth rates of only 13.09% and 17.56%, respectively, over the last five years.
In the broader market context, the stock's short-term return of +2.27% over the past week contrasts with the Sensex, which has declined by 0.62%. This indicates that Ion Exchange has been performing relatively well in the short term compared to the benchmark. However, the overall negative sentiment surrounding the stock, driven by poor long-term growth indicators and recent negative financial results, has overshadowed its short-term gains. The stock's premium valuation compared to peers and a high PEG ratio of 6.4 further complicate its attractiveness to investors, contributing to the ongoing decline in its price.