Why is One Mobikwik falling/rising?

As of 24-Jul, One Mobikwik Systems Ltd's stock price is currently at 261.30, reflecting an increase of 2.55 (0.99%). The stock has shown a performance today that outperformed its sector by 1.73%, reaching an intraday high of Rs 271, which is a rise of 4.73%. However, the stock has experienced a decline of 2.02% over the past week, while it has gained 7.40% over the last month. Despite this recent uptick, the company faces significant challenges, including operating losses and a weak long-term fundamental strength, as evidenced by a negative EBITDA and a substantial drop in profits over the past year. Additionally, the company has reported negative results for the last two consecutive quarters, which has contributed to a decrease in institutional investor participation by nearly 40%.
In the broader market context, the Sensex has seen a slight decline of 0.09% over the past week, contrasting with the stock's recent performance. While One Mobikwik's short-term return has outperformed the benchmark, its year-to-date performance shows a stark decline of 55.48%, compared to the Sensex's gain of 5.18%. This disparity highlights the stock's volatility and the challenges it faces in maintaining investor confidence amidst poor financial results and reduced institutional interest.