Why is Aion-Tech Soluti falling/rising?

As of 22-Aug, Aion-Tech Solutions Ltd is experiencing a slight decline in its stock price, currently at 70.96, reflecting a decrease of 0.04 or 0.06%. The stock has been underperforming recently, having fallen consecutively for the last three days with a total return of -1.31%. In terms of performance, the stock has shown a mixed picture over various periods, with a 1-week return of +0.23% but a more concerning 1-year return of -45.81%. The company is facing significant challenges, including operating losses and a weak ability to service its debt, which is reflected in its poor EBIT to Interest ratio of -1.92. Additionally, the stock's profitability is low, as indicated by a Return on Equity of only 0.27%. The recent negative results, including a 102.26% increase in raw material costs and a 13.44% drop in net sales, further exacerbate the stock's downward trend.
In the broader market context, Aion-Tech's short-term performance has lagged behind the benchmark, with the Sensex showing a 1-week return of +0.88% compared to the stock's +0.23%. This underperformance is indicative of broader market trends, where the stock has not only struggled in the short term but has also shown a significant decline over the past year, contrasting sharply with the Sensex's positive return of +4.05% year-to-date. The falling investor participation, with a delivery volume decrease of 48.27% against the 5-day average, suggests waning interest in the stock, which could be contributing to its price decline. Overall, the combination of weak fundamentals, poor financial performance, and negative market sentiment is leading to the stock's current downward trajectory.