Why is One Mobikwik falling/rising?

As of 15-Jul, One Mobikwik Systems Ltd's stock price is currently at Rs 269.55, reflecting an increase of Rs 10.4 or 4.01%. The stock has shown a strong performance today, outperforming its sector by 3.2% and achieving a consecutive gain over the last two days with a total return of 6.9%. It reached an intraday high of Rs 272.8, indicating positive momentum. However, despite this short-term rise, the company faces significant challenges, including operating losses and a weak long-term fundamental strength, as evidenced by a -26.26% annual growth rate in operating profit. The company has reported negative results for the last two quarters, with net sales falling by -8.2% and a negative EBITDA, which raises concerns about its financial health. Additionally, institutional investors have decreased their stake by nearly 40%, suggesting a lack of confidence in the company's future prospects.
In the broader market context, the stock has outperformed the benchmark Sensex over the past week, with a return of +12.08% compared to the Sensex's -1.36%. However, the year-to-date performance shows a stark contrast, with One Mobikwik down -54.07% while the Sensex has gained +5.67%. This disparity highlights the stock's volatility and the challenges it faces despite recent gains. The rising investor participation, indicated by a significant increase in delivery volume, may provide some support, but the overall negative sentiment stemming from poor financial results and declining institutional interest could limit the stock's upward trajectory in the long run.