Why is 63 Moons Tech. falling/rising?

As of 08-Jul, 63 Moons Technologies Ltd is experiencing a decline in its stock price, currently at Rs 987.80, which reflects a decrease of Rs 7.8 or 0.78%. The stock has underperformed its sector today by 1.05% and has been on a consecutive downward trend for the last three days, resulting in a total decline of 3.63%. Despite a strong performance over the past year with a return of 180.51%, the company has reported negative results for the last four consecutive quarters, including a significant operating loss and a poor Return on Equity of 1.46%. Additionally, the stock's delivery volume has decreased by 25.46% compared to the five-day average, indicating falling investor participation.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, as it has declined by 2.00% over the past week while the Sensex has remained relatively flat with a gain of 0.02%. Although 63 Moons Technologies has shown impressive returns over longer periods, such as 414.88% over three years, the current financial instability, including a negative EBITDA and weak fundamentals, has led to a cautious sentiment among investors. The lack of domestic mutual fund investment, which stands at 0%, further suggests that institutional investors may be wary of the company's valuation and business prospects, contributing to the stock's recent decline.