Why is 63 Moons Tech. falling/rising?

As of 21-Aug, 63 Moons Technologies Ltd is experiencing a price increase, currently at Rs 982.00, reflecting a change of 3.0 (0.31%) upward. The stock opened with a gain of 2.63% today and reached an intraday high of Rs 1004.75. Over the past week, the stock has shown a strong performance, rising by 5.47%, while its year-to-date return stands at 8.65%. However, it is important to note that the stock has faced challenges, including a significant decline in delivery volume, which fell by 38.46% against the 5-day average. Additionally, while institutional investors have increased their stake by 0.79%, the company is grappling with operating losses and weak long-term fundamentals, as indicated by a negative EBIT to interest ratio and declining profitability.
In the broader market context, the stock's recent performance has outpaced the benchmark, with a 5.47% increase over the past week compared to the Sensex's 1.74% rise. Despite this short-term outperformance, the stock has seen a decline of 8.16% over the past month, contrasting with the Sensex's slight drop of 0.24%. The long-term performance remains strong, with a remarkable 187.34% return over the past year, significantly outperforming the BSE500. However, the company's weak fundamentals and negative EBITDA raise concerns about its sustainability, indicating that while the stock is currently rising, underlying issues could pose risks moving forward.