Why is Aion-Tech Soluti falling/rising?

As of 08-Jul, Aion-Tech Solutions Ltd is experiencing a decline in its stock price, currently at Rs 73.00, which reflects a decrease of Rs 1.59 or 2.13%. The stock has underperformed its sector today by 2.4% and has been on a downward trend for the last two days, accumulating a total drop of 5.18% during this period. The stock touched an intraday low of Rs 72.36, indicating significant selling pressure. Over the past week, Aion-Tech has seen a return of -5.19%, and its year-to-date performance shows a decline of -8.74%. The company is facing challenges with weak long-term fundamentals, highlighted by a staggering -234.31% CAGR growth in operating profits over the last five years and a negative EBITDA, which raises concerns about its profitability and ability to service debt.
In the broader market context, the Sensex has remained relatively stable, with a slight increase of 0.02% over the past week, contrasting sharply with Aion-Tech's significant decline. The stock has underperformed the market considerably over the last year, with a return of -51.01% compared to the benchmark's gain of 4.69%. This stark difference underscores the stock's struggles and the lack of investor confidence, as evidenced by a 48.56% drop in delivery volume compared to the five-day average. Overall, the combination of poor financial performance, negative investor sentiment, and a lack of liquidity has contributed to the stock's current downward trajectory.