Why is 63 Moons Tech. falling/rising?

As of 05-Aug, 63 Moons Technologies Ltd is experiencing a decline in its stock price, currently at Rs 969.45, which reflects a decrease of Rs 27.55 or 2.76%. The stock has underperformed its sector by 2.36% today, reaching an intraday low of Rs 963, which is a drop of 3.41%. Additionally, the stock's delivery volume has significantly decreased by 37.87% compared to the 5-day average, indicating falling investor participation. While the stock has shown strong performance over the long term with a year-to-date increase of 7.26% and a remarkable 152.30% rise over the past year, it has faced short-term challenges, including a 4.24% decline over the past week and a 4.73% drop in the last month.
In the broader market context, the Sensex has also seen a decline, but at a lesser rate of 0.77% over the past week and 3.26% over the past month. This suggests that while 63 Moons Technologies Ltd is underperforming relative to the benchmark, the overall market is also experiencing downward pressure. The stock's performance over the longer term remains strong compared to the Sensex, which has only increased by 3.29% year-to-date and 2.48% over the past year. However, the current negative momentum in the stock price, coupled with reduced trading volume and investor interest, indicates a challenging environment for the company in the short term.