Why is One Mobikwik falling/rising?

As of 17-Jul, One Mobikwik Systems Ltd's stock price is currently at Rs 266.70, reflecting a decrease of Rs 6.0 or 2.2%. The stock has underperformed its sector by 1.87% today and has experienced a trend reversal after three consecutive days of gains. It touched an intraday low of Rs 266, indicating a decline of 2.46%. Over the past week, the stock has shown a positive return of 5.50%, but it has underperformed over the last month with a decline of 0.97%. The company is facing significant challenges, including operating losses and poor long-term growth, as evidenced by a negative EBITDA and a drastic drop in profits over the past year. Additionally, institutional investors have reduced their stakes by nearly 40%, signaling a lack of confidence in the company's fundamentals.
In the broader market context, while the Sensex has gained 0.83% over the past month, One Mobikwik's performance has been negative, highlighting its struggles relative to the benchmark. The stock's liquidity remains adequate for trading, but the falling delivery volume suggests diminishing investor interest. The company's negative results over the last two quarters, including a significant drop in net sales and operating profit, further contribute to the stock's downward pressure. Overall, the combination of weak financial performance, declining institutional support, and recent price movements indicates a challenging environment for One Mobikwik, leading to its current decline.