Why is ION Exchange falling/rising?

As of 04-Jul, Ion Exchange (India) Ltd is experiencing a decline in its stock price, currently at 542.65, reflecting a decrease of 1.65 points or 0.3%. The stock has underperformed its sector by 0.52% today and has been on a downward trend for the last two days, with a total drop of 0.79% in that period. Over the past week, the stock has shown a modest gain of 1.62%, but it has significantly underperformed over the last month and year, with returns of -2.15% and -17.72%, respectively. Despite a high management efficiency indicated by a return on equity (ROE) of 22.67%, the stock is trading at a premium compared to its peers, and its recent financial performance has raised concerns, particularly with a low return on capital employed (ROCE) and declining profits in the latest quarter.
Broader market context shows that while the Sensex has gained 3.01% over the past month and 6.77% year-to-date, Ion Exchange has lagged significantly, with a year-to-date decline of 17.15%. The stock's liquidity appears adequate, but a notable drop in delivery volume suggests waning investor interest. The broader market's positive performance contrasts sharply with Ion Exchange's struggles, highlighting its poor long-term growth prospects and recent negative financial results, which have contributed to its underperformance relative to the market.