Why is ION Exchange falling/rising?

As of 09-Jul, Ion Exchange (India) Ltd is currently priced at 544.95, reflecting an increase of 4.25, or 0.79%. The stock's performance today is in line with its sector, although it has shown a decline of 0.37% over the past week and 0.76% over the past month. Despite a higher current price relative to its 5-day, 20-day, 50-day, and 100-day moving averages, it remains below the 200-day moving average. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 28.64% against the 5-day average. While the company boasts a high return on equity (ROE) of 22.67% and a low debt-to-equity ratio, it has underperformed the market significantly over the past year, generating a return of -15.50% compared to the BSE500's positive return of 1.43%.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has struggled to keep pace with market returns, particularly over the last year. The company's long-term growth prospects appear weak, with net sales and operating profit growth rates of 13.09% and 17.56%, respectively, over the past five years. Furthermore, negative results reported for March 25, including a decline in profit before tax and profit after tax, have contributed to the stock's downward trajectory. Although the stock is trading at a premium compared to its peers, the overall sentiment remains cautious due to its historical underperformance and the recent drop in investor participation.