Why is Aion-Tech Soluti falling/rising?

As of 22-Jul, Aion-Tech Solutions Ltd is experiencing a decline in its stock price, currently at Rs 71.60, which reflects a decrease of Rs 1.9 or 2.59%. Today's price summary indicates that the stock opened significantly lower, down 6.11%, and reached an intraday low of Rs 69.01. The stock has underperformed its sector by 2.37% today, and while it has shown a slight increase of 0.13% over the past week and 11.70% over the past month, it has a troubling year-to-date return of -10.49% and a one-year return of -43.49%. The company's long-term fundamentals are weak, highlighted by a -234.31% CAGR growth in operating profits over the last five years and a negative EBITDA, which raises concerns about its financial health and ability to service debt.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has generated a positive return of 5.18% year-to-date. Despite a slight recovery in the short term, Aion-Tech's significant underperformance over the past year, where it lagged behind the market's 0.99% return, indicates a lack of investor confidence. The company's weak profitability, as evidenced by a low return on equity of 0.27% and reliance on non-operating income, further exacerbates its risk profile, making it less attractive to investors compared to the overall market.