Why is 63 Moons Tech. falling/rising?

As of 24-Jun, 63 Moons Technologies Ltd is experiencing a price increase, currently at Rs 963.85, which reflects a rise of 90.2 points or 10.32%. The stock has shown strong performance today, outperforming its sector by 10.32% and has gained consecutively over the last two days with a total return of 11.72% during this period. Over the past year, the stock has generated an impressive return of 149.90%, significantly outperforming the BSE 500 index in the last three years, one year, and three months. However, despite these positive returns, the company is facing challenges such as operating losses and a weak long-term fundamental strength, indicated by a negative EBIT to Interest ratio and declining profitability metrics.
In the broader market context, the stock's short-term performance of +4.89% over the past week and +23.06% over the past month stands in stark contrast to the Sensex, which has only increased by 0.58% and 0.41%, respectively. This indicates that 63 Moons Technologies Ltd is not only performing well relative to its own historical returns but is also significantly outperforming the benchmark index in both the short and long term. However, the stock's rising price is juxtaposed with concerns about its financial health, including negative results over the last four quarters and a lack of domestic mutual fund investment, which may suggest caution among institutional investors despite the recent price gains.