Why is One Mobikwik falling/rising?

As of 14-Jul, One Mobikwik Systems Ltd is experiencing a price increase, currently at Rs 259.15, which reflects a rise of Rs 7.0 or 2.78%. The stock has outperformed its sector by 2.7% today, reaching an intraday high of Rs 262.95, marking a 4.28% increase. However, the stock's performance over the past month shows a decline of 2.70%, and it has significantly underperformed year-to-date with a drop of 55.84%. The company is facing challenges, including operating losses and negative results for the last two consecutive quarters, which have contributed to a weak long-term fundamental strength. Additionally, institutional investor participation has decreased by nearly 40%, indicating a lack of confidence in the company's future prospects.
In the broader market context, the stock's short-term performance of +6.87% over the past week contrasts sharply with the Sensex, which has declined by 1.42% during the same period. This suggests that while One Mobikwik is currently rising, it is doing so against a backdrop of broader market weakness. Despite today's positive movement, the company's ongoing operational challenges and declining investor participation may pose significant risks to its future performance, as reflected in its negative EBITDA and poor long-term growth metrics.