Why is ION Exchange falling/rising?

As of 16-Sep, Ion Exchange (India) Ltd is experiencing a decline in its stock price, currently at 425.80, which reflects a decrease of 2.2 points or 0.51%. The stock has underperformed its sector today by 0.68%, and while it is higher than its 5-day moving average, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a positive return of 3.69%, but it has underperformed over the last month with a decline of 1.31%. Despite a significant drop of 34.99% year-to-date and a 35.41% decrease over the past year, the company has seen a rise in investor participation, with a delivery volume increase of 55.1% against the 5-day average. The company maintains a high management efficiency with a return on equity (ROE) of 22.67% and a low debt-to-equity ratio, which contributes to its attractive valuation.
In the broader market context, the Sensex has gained 1.58% over the past week and 2.21% over the last month, indicating that Ion Exchange is lagging behind the benchmark indices. The stock's long-term growth prospects appear poor, with net sales and operating profit growth rates of only 14.09% and 15.86% over the last five years, respectively. Additionally, the company reported negative results in June, with the lowest return on capital employed (ROCE) at 19.53% and a cash and cash equivalents figure of Rs 465.80 crore. Despite the stock trading at a fair value compared to its peers, the significant underperformance relative to the market, coupled with the negative financial indicators, suggests that investor sentiment remains cautious, contributing to the stock's recent decline.