Why is 63 Moons Tech. falling/rising?

As of 20-Aug, 63 Moons Technologies Ltd is experiencing a decline in its stock price, currently at Rs 979.00, which reflects a decrease of Rs 22.5 or 2.25%. Today's price summary indicates that the stock has underperformed its sector by 4.68% and has fallen after two consecutive days of gains. The stock touched an intraday low of Rs 978.35, and while it remains above the 5-day, 100-day, and 200-day moving averages, it is below the 20-day and 50-day moving averages. Over the past week, the stock has shown a positive return of 4.39%, but it has declined by 5.69% over the past month. Despite a remarkable 188.75% return over the past year, the company is facing significant challenges, including operating losses and a weak long-term fundamental strength, as indicated by a negative EBITDA and poor profitability metrics.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained 1.64% over the past week. While the stock has outperformed the BSE500 in the long term, the current decline is attributed to its weak financial fundamentals, including a poor EBIT to interest ratio and negative profitability. Additionally, although there has been increasing participation from institutional investors, the company's flat results and significant losses have raised concerns among investors, contributing to the stock's downward movement.