Why is Aion-Tech Soluti falling/rising?

As of 26-Sep, Aion-Tech Solutions Ltd is experiencing a decline in its stock price, currently at Rs 62.55, which reflects a decrease of Rs 1.77 or 2.75%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 7.25% during this period. Today's trading saw the stock reach a high of Rs 66 but also dip to a low of Rs 61.05, indicating significant volatility. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. There has also been a notable decline in investor participation, with delivery volume dropping by 45.59% compared to the 5-day average, which further indicates weakening interest in the stock.
In the broader market context, Aion-Tech's recent performance has been unfavorable compared to the benchmark Sensex, which has only declined by 2.66% over the past week, while Aion-Tech's stock has dropped by 7.99%. This underperformance is evident in the year-to-date returns, where Aion-Tech has decreased by 21.80%, contrasting sharply with the Sensex's gain of 2.93%. The IT - Software sector, in which Aion-Tech operates, has also seen a decline of 2.34%, contributing to the negative sentiment surrounding the stock. Overall, the combination of poor stock performance, reduced investor engagement, and a struggling sector has led to the current downward trend in Aion-Tech Solutions Ltd's stock price.