Why is ION Exchange falling/rising?

As of 08-Aug, Ion Exchange (India) Ltd is experiencing a decline in its stock price, currently at Rs 453.95, which reflects a decrease of Rs 5.05 or 1.1%. The stock has underperformed in the short term, with a 1-week return of -0.63% compared to the Sensex's -0.92%. Over the past month, the stock has seen a significant drop of 16.04%, while the Sensex has only decreased by 4.60%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Investor participation has also declined, with delivery volume falling by 34.94% against the 5-day average, suggesting reduced interest in the stock.
In the broader market context, while the Sensex has shown a year-to-date increase of 2.20%, Ion Exchange has faced a substantial decline of 30.69% in the same period. This stark contrast highlights the stock's struggles relative to the overall market performance. Despite outperforming its sector by 0.29% today, the overall negative sentiment and declining investor participation are likely contributing factors to the stock's downward movement. The absence of any positive factors in the dashboard further emphasizes the challenges facing Ion Exchange in the current market environment.