Why is ION Exchange falling/rising?

As of 19-Sep, Ion Exchange (India) Ltd is experiencing a price increase, currently at 424.30, reflecting a change of 1.75 or 0.41% upward. The stock has shown a performance today that outperformed its sector by 0.47% and has gained after three consecutive days of decline. Despite this recent uptick, the stock has underperformed over the past month with a return of -3.90%, while the benchmark Sensex has increased by 1.20%. The stock's moving averages indicate it is currently higher than the 5-day average but lower than the 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 36.94% against the 5-day average, which may indicate waning interest.
In the broader market context, Ion Exchange's short-term performance of +2.07% over the past week contrasts with the Sensex's gain of +0.88%, suggesting some resilience in the stock relative to the market. However, the stock has faced significant challenges, including a year-to-date decline of -35.22%, which is substantially worse than the Sensex's gain of +5.74%. Factors contributing to this volatility include high management efficiency with a return on equity of 22.67% and a low debt-to-equity ratio, which are positive indicators. Conversely, the company has shown poor long-term growth, with net sales and operating profit growth rates of only 14.09% and 15.86%, respectively, over the last five years, and negative results in the most recent quarter. This combination of factors has created a complex picture for Ion Exchange, leading to its current price movement.