Why is One Mobikwik falling/rising?

As of 26-Jun, One Mobikwik Systems Ltd is experiencing a price increase, currently at Rs 262.70, which reflects a rise of Rs 17.7 or 7.22%. The stock has shown a strong performance today, outperforming its sector by 5.89% and gaining 11.24% over the last three days. However, it opened with a loss of 4.9% today and has demonstrated high volatility with an intraday range of Rs 52. Despite this short-term gain, the stock's year-to-date performance remains poor, down 55.24%, and it has reported negative results for the last two consecutive quarters, including significant operating losses and a drastic fall in net sales. Additionally, the company has seen a 39.98% decrease in institutional investor participation, indicating a lack of confidence in its long-term fundamentals.
In the broader market context, the stock's short-term return of 12.05% over the past week significantly outpaces the Sensex's gain of 2.94% in the same period. However, the stock's year-to-date decline of 55.24% starkly contrasts with the Sensex's positive return of 7.19%, highlighting the stock's underperformance relative to the market. This divergence suggests that while there may be short-term trading opportunities, the overall sentiment towards One Mobikwik remains cautious due to its weak financial fundamentals and declining investor interest.