Why is ION Exchange falling/rising?

As of 07-Aug, Ion Exchange (India) Ltd is experiencing a price increase, with the current price at 459.00, reflecting a rise of 7.45 or 1.65%. The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it is important to note that Ion Exchange is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally bearish trend. Additionally, the stock has underperformed in the short term, with a 1-week return of -1.71% compared to the Sensex's -0.69%. The delivery volume has significantly decreased by 68.35% against the 5-day average, suggesting falling investor participation, which could negatively impact future price movements.
In the broader market context, Ion Exchange's performance has been notably weaker than the benchmark over various periods, with a year-to-date return of -29.92% compared to the Sensex's +3.18%. Despite this, the stock has outperformed its sector by 3.03% today, indicating some positive momentum amidst a challenging environment. The liquidity of the stock remains adequate for trading, as it is based on 2% of the 5-day average traded value. Overall, while the stock is currently rising, the underlying trends and investor participation suggest caution moving forward.