Why is 63 Moons Tech. falling/rising?

As of 30-Jun, 63 Moons Technologies Ltd is experiencing a decline in its stock price, currently at Rs 1,002.30, which reflects a decrease of Rs 6.3 or 0.62%. Today's price summary indicates that the stock has underperformed its sector by 0.88%, with an intraday low of Rs 968.3, representing a 4% drop. Despite a strong performance over the past year, generating returns of 172.66%, the company has faced significant challenges, including operating losses and negative results for the last four consecutive quarters. The company's ability to service its debt is weak, as evidenced by a poor EBIT to Interest ratio of -96.21, and it has reported a negative EBITDA, which raises concerns about its long-term fundamental strength.
In the broader market context, while 63 Moons Technologies has shown impressive returns over longer periods, such as a 500.36% increase over the last three years, its recent performance has not kept pace with the benchmark, the Sensex, which has risen by 2.09% over the past week. The stock's liquidity remains adequate for trading, but the falling investor participation, with a significant drop in delivery volume, suggests a lack of confidence among investors. Additionally, the absence of domestic mutual fund investment may indicate that institutional investors are wary of the stock's current valuation and business outlook.