Why is 63 Moons Tech. falling/rising?

As of 30-Sep, 63 Moons Technologies Ltd is experiencing a decline in its stock price, currently at Rs 841.00, which reflects a decrease of Rs 22.65 or 2.62%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 9.06% over that period. Today's trading saw the stock reach an intraday low of Rs 833.7, and it is trading below its moving averages across various time frames. Additionally, there has been a significant drop in investor participation, with delivery volume decreasing by 65.68% compared to the five-day average. While institutional investors have increased their stake by 0.79%, the company is facing challenges such as operating losses, weak long-term fundamentals, and a negative EBITDA, which contribute to the stock's downward movement. In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 1-week return of -9.06% compared to the Sensex's decline of only -2.23%. Although the stock has shown impressive long-term gains, such as a 116.81% return over the past year, the recent negative trends and poor financial indicators, including a weak EBIT to interest ratio and declining sales, suggest that investors are cautious. The overall market has also been struggling, with the BSE500 index reflecting a negative return of -6.58% over the past year, indicating a challenging environment for stocks, including 63 Moons Technologies Ltd.