Why is 63 Moons Tech. falling/rising?

As of 01-Jul, 63 Moons Technologies Ltd is experiencing a price increase, currently at 1,008.00, with a change of 5.7 (0.57%) upward. The stock has shown strong performance recently, outperforming its sector by 1.07% today and reaching an intraday high of Rs 1,041.9, which is a 3.95% increase. Over the past week, the stock has risen by 4.58%, and it has delivered impressive returns of 167.37% over the past year and 514.63% over the last three years. However, despite these positive returns, the company has faced significant challenges, including operating losses and a weak ability to service its debt, which may impact investor sentiment.
In the broader market context, the stock's recent performance has outpaced the Sensex, which has only increased by 2.00% over the past week. While 63 Moons Technologies Ltd has shown consistent returns over the last three years, the company has declared negative results for the last four consecutive quarters, with a significant decline in net sales and profitability. The lack of domestic mutual fund investment, holding only 0% of the company, may indicate a lack of confidence in its long-term fundamentals, despite its recent price increase.