Why is Aion-Tech Soluti falling/rising?

As of 04-Aug, Aion-Tech Solutions Ltd is experiencing a price increase, currently at Rs 77.50, reflecting a change of 2.6 or 3.47% upward. The stock has shown strong performance today, outperforming its sector by 1.85% and opening with a gain of 2%. It reached an intraday high of Rs 77.85, while also touching a low of Rs 72.75. Over the past week, the stock has surged by 16.19%, contrasting sharply with its year-to-date decline of 3.11% and a significant 42.16% drop over the past year. Despite these gains, the company faces challenges, including weak long-term fundamental strength indicated by a -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, Aion-Tech's recent performance stands out against the Sensex, which has only increased by 0.16% over the past week. While the stock has shown a notable short-term recovery, it has underperformed the market significantly over the last year, with a return of -42.16% compared to the Sensex's slight gain of 0.05%. This disparity highlights the stock's volatility and the risks associated with its current valuation, despite the recent uptick in investor participation and trading volume.