Why is Aion-Tech Soluti falling/rising?

As of 16-Sep, Aion-Tech Solutions Ltd is experiencing a slight decline in its stock price, currently at 66.81, reflecting a decrease of 0.04 or 0.06%. The stock has underperformed its sector by 0.9% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 0.4% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has reported significant operating losses, with a weak ability to service its debt, as indicated by a poor EBIT to Interest ratio of -1.92. Furthermore, the stock has generated a return of -42.50% over the past year, highlighting its underperformance compared to the broader market.
In the broader market context, Aion-Tech Solutions Ltd's recent performance contrasts sharply with the Sensex, which has gained 1.58% over the past week and 2.21% over the past month. The company's returns have been negative across various time frames, including a 4.19% decline over the past month and a staggering 16.48% drop year-to-date. This underperformance is compounded by a decrease in investor participation, as evidenced by a 3.21% drop in delivery volume compared to the 5-day average. Overall, the stock's weak fundamentals, negative earnings reports, and poor performance relative to the benchmark contribute to its current downward trajectory.