Why is 63 Moons Tech. falling/rising?

As of 24-Jul, 63 Moons Technologies Ltd is experiencing a decline in its stock price, currently at Rs 1,063.00, reflecting a decrease of Rs 19.2 or 1.77%. Today's price summary indicates that the stock underperformed its sector by 0.26%, and it has fallen after three consecutive days of gains. The stock reached an intraday high of Rs 1,111, representing a 2.66% increase, but also touched a low of Rs 1,058.9, which is a 2.15% decrease. Despite a strong performance over the past year with a 215.01% return, the company has reported negative results for the last four consecutive quarters, including a significant drop in net sales and a negative return on equity, which raises concerns about its long-term fundamental strength.
In the broader market context, the stock's short-term performance shows a 0.38% increase over the past week, while the benchmark Sensex has seen a slight decline of 0.09%. Although institutional investors have increased their stake in the company, indicating some confidence, the overall sentiment is tempered by the company's operating losses and weak ability to service its debt. The stock's liquidity remains adequate for trading, but the recent decline in delivery volume suggests falling investor participation, which could further pressure the stock price.