Why is Relic Tech. falling/rising?

As of 15-Jul, Relic Technologies Ltd is experiencing a decline in its stock price, currently at Rs 77.55, which represents a decrease of Rs 1.35 or 1.71%. The stock has underperformed its sector today by 2.52% and opened with a loss of 2.41%, reaching an intraday low of Rs 77. Despite this, the stock has shown strong performance over the past year, generating a remarkable return of 410.20%. However, the company is facing challenges, including operating losses and a negative EBITDA, which contribute to a perception of weak long-term fundamental strength. The stock's recent trend reversal follows five consecutive days of gains, indicating a potential correction after a period of positive momentum.
In the broader market context, Relic Technologies Ltd has outperformed the benchmark Sensex in both the short term and long term, with a 7.80% increase over the past week compared to a 1.36% decline in the Sensex. Despite this strong performance relative to the benchmark, the stock's current decline may be attributed to its risky valuation and poor long-term growth prospects, as indicated by an annual operating profit decline of 189.37%. The rising investor participation, with a significant increase in delivery volume, suggests continued interest in the stock, but the recent price drop reflects concerns over its financial health and sustainability.