Why is One Mobikwik falling/rising?

As of 18-Jul, One Mobikwik Systems Ltd is experiencing a decline in its stock price, currently at Rs 261.15, which reflects a decrease of Rs 5.55 or 2.08%. The stock has underperformed its sector by 1.79% today and has been on a downward trend, falling for the last two days with a total decline of 4.24%. In terms of returns, the stock has shown a 3.57% increase over the past week and a 6.29% increase over the past month, but it has significantly underperformed year-to-date with a drop of 55.50%. The company has reported negative results for the last two consecutive quarters, including a notable operating loss and a decrease in net sales, which has contributed to its weak long-term fundamental strength. Additionally, there has been a significant reduction in institutional investor participation, which has decreased by 39.98%, indicating a lack of confidence in the company's prospects.
Broader market context shows that while One Mobikwik has had some positive short-term returns, the overall performance is concerning when compared to the benchmark Sensex, which has increased by 4.63% year-to-date. The stock's recent performance, particularly the negative EBITDA and declining operating profit, suggests that it is trading at risky valuations compared to its historical averages. The falling participation from institutional investors, who typically have more resources to analyze company fundamentals, further underscores the challenges facing One Mobikwik in the current market environment.