Why is Aion-Tech Soluti falling/rising?

As of 14-Aug, Aion-Tech Solutions Ltd is experiencing a price increase, with its current price at 70.80, reflecting a change of 0.8 or 1.14% upward. The stock has shown a positive performance today, outperforming its sector by 0.92% and has gained consecutively over the last two days, resulting in a total return of 1.64% during this period. However, despite these short-term gains, the stock has underperformed significantly over the past year, with a decline of 40.00%, while the broader market, represented by the Sensex, has only fallen by 0.03%. The company is facing challenges, including operating losses and a weak long-term fundamental strength, indicated by a poor EBIT to Interest ratio and low profitability per unit of shareholders' funds.
In the broader market context, while Aion-Tech Solutions has shown some short-term resilience, its long-term performance remains concerning. The stock's year-to-date return of -11.49% starkly contrasts with the Sensex's positive return of 3.15%, highlighting its struggle to keep pace with the market. The company's negative EBITDA and significant operating losses, as evidenced by a PAT decline of 568.1%, contribute to a perception of risk among investors. Despite recent gains and increased investor participation, the overall sentiment remains cautious due to the company's weak financial fundamentals and substantial historical underperformance.