Why is Aeonx Digital falling/rising?

As of 24-Sep, Aeonx Digital Technology Ltd is currently priced at 209.95, reflecting an increase of 0.55 or 0.26%. The stock has shown a trend reversal, gaining after three consecutive days of decline. Despite a significant drop of 7.10% over the past week, it has performed well over the last month with a return of 14.26%. The stock has outperformed its sector by 0.75% today, although it is experiencing falling investor participation, with delivery volume decreasing by 67.23% compared to the five-day average. The company has declared positive results for the last four consecutive quarters, showcasing strong financial metrics such as a record ROCE of 11.24% and net sales of Rs 16.26 crore, which contribute to its recent upward movement.
In the broader market context, Aeonx Digital's short-term performance has been notably weaker than the benchmark, as it has declined by 7.10% over the past week while the Sensex has only fallen by 1.18%. However, the stock has demonstrated strong long-term performance, with a remarkable increase of 52.91% over the past year, significantly outperforming the BSE500 index during the same period. This long-term success, combined with the recent positive quarterly results, suggests that while the stock may face short-term volatility, its fundamentals remain strong, supporting its price recovery.