Why is 63 Moons Tech. falling/rising?

As of 02-Jul, 63 Moons Technologies Ltd is experiencing a decline in its stock price, currently at Rs 997.80, which reflects a decrease of Rs 10.2 or 1.01%. Today's price summary indicates that the stock has underperformed its sector by 1.1%, with an intraday low of Rs 985.75, marking a drop of 2.21%. Despite a strong performance over the past year, with a return of 163.72%, the company has faced significant challenges, including operating losses and a negative EBITDA. The company's ability to service its debt is weak, and it has reported negative results for the last four consecutive quarters, which has likely contributed to the recent price decline. Additionally, the falling investor participation, with a delivery volume decrease of 54.62% against the 5-day average, suggests waning interest among investors.
In the broader market context, the stock's short-term performance has been less favorable compared to the benchmark, as it has declined by 0.25% over the past week while the Sensex has gained 0.79%. Although the stock has shown strong returns over longer periods, such as 15.47% over the past month and 10.39% year-to-date, the recent negative financial indicators and lack of confidence from domestic mutual funds, which hold 0% of the company, may be influencing its current downward trajectory. The combination of these factors indicates that while the stock has had a strong historical performance, its current financial instability and market sentiment are leading to a decline in its price.