Why is 63 Moons Tech. falling/rising?

As of 07-Jul, 63 Moons Technologies Ltd is experiencing a decline in its stock price, currently at Rs 995.60, reflecting a decrease of Rs 21.95 or 2.16%. The stock has underperformed its sector today by 1.52% and has been on a consecutive downward trend for the last two days, accumulating a total decline of 2.87%. Despite a strong performance over the past year with a return of 175.71%, the company has reported negative results for the last four consecutive quarters, including a significant operating loss and a decrease in net sales. Additionally, the company’s weak long-term fundamental strength, as indicated by a poor EBIT to Interest ratio and low return on equity, contributes to the stock's recent downward movement.
In the broader market context, the stock's short-term performance over the past week shows a decline of 0.67%, while the benchmark Sensex has only decreased by 0.20%. This indicates that 63 Moons Technologies Ltd is underperforming relative to the market. Although the stock has shown impressive returns over longer periods, the recent negative financial results and falling investor participation, evidenced by a significant drop in delivery volume, suggest a lack of confidence among investors. The absence of domestic mutual fund investments further highlights the perceived risks associated with the company's financial health, contributing to the stock's current decline.