Why is 63 Moons Tech. falling/rising?

As of 22-Jul, 63 Moons Technologies Ltd is experiencing a price increase, currently at 1,075.50, reflecting a rise of 6.3 (0.59%). The stock has shown strong performance recently, gaining 3.6% over the last two days and outperforming its sector by 0.81% today. Over the past year, it has generated an impressive return of 224.97%, and it has consistently outperformed the BSE500 over various time frames, including 1 year and 3 years. However, the company is facing significant challenges, including operating losses and a weak long-term fundamental strength, as indicated by a poor EBIT to Interest ratio of -96.21 and negative results for the last four consecutive quarters. These factors suggest that while the stock is currently rising, underlying issues may pose risks to its future performance.
In the broader market context, the stock's short-term return of +0.15% over the past week contrasts with the Sensex, which has declined by -0.47% during the same period. This indicates that 63 Moons Technologies Ltd is performing better than the overall market. However, despite its recent gains, the company has a negative EBITDA and has seen a significant drop in profitability, with a return on equity of only 1.46%. The lack of investment from domestic mutual funds, holding only 0% of the company, may also reflect concerns about its valuation and business stability. Overall, while the stock is currently rising, the combination of strong short-term performance and significant long-term risks creates a complex picture for investors.