Why is ION Exchange falling/rising?

As of 18-Sep, Ion Exchange (India) Ltd is experiencing a decline in its stock price, currently at 422.55, which reflects a decrease of 1.5 or 0.35%. The stock has been underperforming, having lost 1.27% over the past month and showing a consecutive fall for the last three days. It is currently trading higher than its 5-day moving averages but lower than its 20-day, 50-day, 100-day, and 200-day moving averages. Despite a rise in delivery volume by 3.76% against the 5-day average, the stock's performance has been disappointing, particularly with a year-to-date return of -35.49%. Factors contributing to this decline include poor long-term growth metrics, as evidenced by low net sales growth and operating profit over the last five years, alongside negative results reported in June.
In the broader market context, Ion Exchange has underperformed compared to the benchmark Sensex, which has gained 1.80% over the past week while the stock has only increased by 1.20%. The stock's significant decline of -34.63% over the past year starkly contrasts with the Sensex's minimal gain of 0.08%. This underperformance highlights the challenges faced by the company, including a low return on capital employed and a concerning cash position. Although the company has a high return on equity and a low debt-to-equity ratio, these positive factors have not been sufficient to offset the negative sentiment surrounding its growth prospects and recent financial results.