Why is 63 Moons Tech. falling/rising?

As of 17-Jul, 63 Moons Technologies Ltd is experiencing a decline in its stock price, currently at 1,058.95, which reflects a decrease of 35.9 points or 3.28%. The stock has recently underperformed its sector by 2.15% and has fallen after two consecutive days of gains. Although it reached a new 52-week high of Rs 1,130 earlier in the day, it also touched an intraday low of Rs 1,046.05. Over the past week, the stock has decreased by 3.81%, but it has shown strong performance over the longer term, with a 209.09% increase over the past year. However, the company has reported negative results for the last four consecutive quarters, with significant operating losses and a weak ability to service its debt, which has contributed to the recent price decline.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 1-week decline of 3.81% compared to the Sensex's decrease of only 1.12%. Despite the company's impressive long-term returns, including a 466.89% increase over three years, the current negative sentiment is exacerbated by falling investor participation and a significant drop in delivery volume. The lack of domestic mutual fund investment, which stands at 0%, further indicates a lack of confidence in the company's fundamentals, particularly given its negative EBITDA and declining profitability metrics.