Why is 63 Moons Tech. falling/rising?

As of 29-Jul, 63 Moons Technologies Ltd is experiencing a price increase, currently at 1,012.40, with a change of 8.65 (0.86%) upward. Today's price summary indicates that the stock has outperformed its sector by 1.21% and has shown a trend reversal after three consecutive days of decline, reaching an intraday high of Rs 1025, which is a 2.12% increase. Over the past week, the stock has underperformed with a return of -5.87%, but it has performed positively over the last month with a slight increase of 0.38%. Notably, institutional investors have increased their stake by 0.79% in the last quarter, which may contribute to the stock's recent upward movement despite the company facing operating losses and negative results over the last four quarters.
In the broader market context, the stock's performance contrasts with the benchmark Sensex, which has seen a decline of 1.03% over the past week. While 63 Moons Technologies has generated a remarkable return of 185.79% over the past year, it is important to note that this has occurred alongside significant operating losses and a negative EBITDA, indicating a risky investment environment. The stock's liquidity remains adequate, allowing for trading, but the weak long-term fundamental strength and declining profitability may pose risks that could affect future performance despite the recent positive price movement.