Why is 63 Moons Tech. falling/rising?

As of 07-Nov, 63 Moons Technologies Ltd is experiencing a decline in its stock price, currently at Rs 745.70, which reflects a decrease of Rs 25.95 or 3.36%. The stock has underperformed its sector by 2.74% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 5.9%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The recent financial performance has been concerning, with operating cash flow at its lowest and a significant drop in profit after tax, which has fallen by 162.3% compared to the previous four-quarter average. Furthermore, the company is facing operating losses and has a weak ability to service its debt, which has contributed to a negative sentiment among investors.
In the broader market context, the stock's performance over the past week shows a decline of 6.26%, while the Sensex has only decreased by 0.86%, highlighting a significant underperformance relative to the benchmark. Over the past month, 63 Moons Technologies Ltd has fallen by 14.11%, contrasting sharply with the Sensex's increase of 1.57%. This stark difference in performance is compounded by a reduction in institutional investor participation, which has decreased by 1.03% in the last quarter, indicating a lack of confidence from more knowledgeable market participants. Despite generating a positive return of 28.59% over the past year, the recent negative trends in profitability and operational performance have overshadowed these gains, leading to a bearish outlook for the stock.