Why is One Mobikwik falling/rising?

As of 21-Jul, One Mobikwik Systems Ltd is experiencing a price increase, currently at Rs 264.80, which reflects a change of 3.65 or 1.4% upward. The stock has shown a positive trend today, outperforming its sector by 0.54% and reversing a decline after two consecutive days of falling prices. It reached an intraday high of Rs 267, indicating some bullish sentiment. However, despite a 1-week return of +2.18% and a 1-month return of +8.90%, the stock has a year-to-date decline of -54.88%, highlighting significant long-term challenges. The company has reported operating losses and negative results for the last two quarters, with a substantial drop in both profit before tax and net sales, contributing to a perception of weak long-term fundamental strength.
In the broader market context, the Sensex has remained relatively flat with a slight decline of -0.06% over the past week, suggesting that the stock's short-term performance is outperforming the benchmark. However, the overall market sentiment may still be cautious, as institutional investors have reduced their stakes significantly, indicating a lack of confidence in the company's future prospects. The stock's liquidity remains adequate for trading, but the falling participation from institutional investors and the company's negative EBITDA signal ongoing risks that could affect future price movements.