Why is Aion-Tech Soluti falling/rising?

As of 21-Aug, Aion-Tech Solutions Ltd is experiencing a decline in its stock price, currently at 71.00, which reflects a decrease of 0.5 or 0.7%. The stock has underperformed its sector today by 0.83% and has been on a consecutive downward trend for the last two days, resulting in a total decline of 1.25%. Over the past week, the stock has shown a slight increase of 0.28%, but it has significantly underperformed over the longer term, with a year-to-date return of -11.24% and a staggering -45.43% over the past year. The company is facing operating losses, with a weak ability to service its debt, as indicated by a poor EBIT to Interest ratio of -1.92. Additionally, the stock's profitability is low, with a return on equity of only 0.27%. Recent negative financial results, including a substantial drop in profit after tax and operating profit, further contribute to the stock's decline.
In the broader market context, the Sensex has increased by 1.74% over the past week, contrasting sharply with Aion-Tech's performance. While the stock has shown some resilience over a three-year period with a return of 36.15%, it has consistently underperformed against the benchmark indices over the past year and three months. The falling investor participation, as evidenced by a significant drop in delivery volume, indicates a lack of confidence among investors, which is compounded by the company's weak long-term fundamentals and negative EBITDA. Overall, these factors suggest a challenging environment for Aion-Tech Solutions Ltd, leading to its current price decline.