Why is 63 Moons Tech. falling/rising?

As of 28-Jul, 63 Moons Technologies Ltd is experiencing a decline in its stock price, currently at 1,003.75, which reflects a decrease of 44.85 or 4.28%. The stock has underperformed its sector by 2.94% today and has been on a consecutive downward trend for the last three days, accumulating a total loss of 7.13% during this period. Additionally, the stock touched an intraday low of Rs 992, indicating significant selling pressure. Despite a strong performance over the past year with a return of 187.36%, the company has reported negative results for the last four consecutive quarters, including a substantial decline in net sales and profitability, which has contributed to the current price drop.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 1-week return of -6.12% compared to the Sensex's -1.59%. While institutional investors have increased their stake by 0.79%, indicating some level of confidence, the company's weak long-term fundamentals, highlighted by operating losses and a negative EBITDA, raise concerns among investors. The stock's liquidity remains adequate, but the falling delivery volume suggests diminishing investor interest, further exacerbating the downward pressure on the stock price.