Why is 63 Moons Tech. falling/rising?

As of 11-Jul, 63 Moons Technologies Ltd is experiencing a decline in its stock price, currently at 1,075.70, reflecting a decrease of 25.25 points or 2.29%. Today's price summary indicates that the stock has fallen after two consecutive days of gains, with an intraday high of Rs 1,123.8 and a low of Rs 1,072. The stock has shown strong performance over the past year, generating a return of 207.34%, but it has also faced significant challenges, including operating losses and a negative EBITDA. The company has reported negative results for the last four consecutive quarters, with a PAT decline of 82.41% and a significant drop in net sales. These factors contribute to a weak long-term fundamental strength, which may be influencing the current downward movement in the stock price.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has shown a decline of 1.12% over the past week while 63 Moons Technologies has increased by 5.71%. However, the IT - Software sector has also faced a downturn of 2.17%, indicating a challenging environment for the industry. Despite the stock's strong historical returns, the lack of domestic mutual fund investment suggests a cautious sentiment among institutional investors, potentially impacting demand and contributing to the stock's current decline.