Why is One Mobikwik falling/rising?

As of 22-Jul, One Mobikwik Systems Ltd is currently priced at 265.95, reflecting an increase of 1.15 (0.43%). The stock has shown a positive performance today, outperforming its sector by 0.64% and achieving a consecutive gain over the last two days with a total return of 1.84%. However, despite this recent uptick, the stock has experienced a decline of 1.34% over the past week and a significant year-to-date drop of 54.69%. 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. Institutional investors have also reduced their stakes significantly, indicating a lack of confidence in the company's future performance.
In the broader market context, the Sensex has decreased by 0.47% over the past week, which suggests that the stock's short-term performance is relatively better than the benchmark. However, the stock's year-to-date performance starkly contrasts with the Sensex's gain of 5.18%, highlighting the struggles of One Mobikwik in a generally positive market environment. The falling participation from institutional investors and the company's negative EBITDA further complicate its outlook, making it a risky investment despite the recent price increase.