Why is 63 Moons Tech. falling/rising?

As of 04-Aug, 63 Moons Technologies Ltd is currently priced at 996.95, reflecting an increase of 8.15 (0.82%). Despite today's positive movement, the stock has underperformed its sector by 0.8%. It reached an intraday high of Rs 1009.35, but the stock's delivery volume has decreased by 27.74% compared to the 5-day average, indicating falling investor participation. Over the past year, the stock has generated a remarkable return of 146.77%, significantly outperforming the BSE500, but it has also faced challenges, including operating losses and negative results for the last four consecutive quarters, which have contributed to a weak long-term fundamental strength.
In the broader market context, the stock's short-term performance has been less favorable compared to the benchmark, as it has declined by 0.68% over the past week while the Sensex has increased by 0.16%. Although institutional investors have increased their stake by 0.79%, indicating some confidence in the company's potential, the overall financial health remains concerning due to weak profitability and negative EBITDA. This combination of strong historical returns juxtaposed with current operational struggles suggests a complex outlook for the stock amidst a generally positive market environment.