Why is 63 Moons Tech. falling/rising?

As of 22-Aug, 63 Moons Technologies Ltd is experiencing a decline in its stock price, currently at Rs 962.00, which reflects a decrease of Rs 20.0 or 2.04%. Today's price summary indicates that the stock has underperformed its sector by 1.03%, with an intraday low of Rs 956.35, marking a drop of 2.61%. Although the stock has shown strong long-term performance with a 187.77% return over the past year and a 420.14% increase over three years, recent financial results have raised concerns. The company reported operating losses and a significant decline in net sales and profit after tax, both down by 64.21%. Furthermore, the company's weak ability to service its debt, indicated by a poor EBIT to Interest ratio and low return on equity, suggests underlying financial instability, which may be contributing to the recent price drop. In the broader market context, the stock's short-term performance over the past week shows a gain of 3.32%, outperforming the Sensex, which increased by only 0.88%. However, the stock's one-month return of -10.55% contrasts sharply with the Sensex's decline of just 1.07%, indicating a more volatile performance relative to the benchmark. The recent decrease in delivery volume by 33.63% against the five-day average also points to falling investor participation, which could further exacerbate the stock's downward pressure. Despite increasing participation from institutional investors, the overall sentiment appears cautious due to the company's weak fundamentals and recent financial results.