Why is One Mobikwik falling/rising?

As of 08-Aug, One Mobikwik Systems Ltd is experiencing a decline in its stock price, currently at Rs 232.00, reflecting a decrease of Rs 3.7 or 1.57%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 2.22% away from Rs 226.85. The performance today has underperformed the sector by 0.86%, and there has been a significant drop in investor participation, with delivery volume falling by 39.8% compared to the 5-day average. Year-to-date, the stock has plummeted by 60.47%, contrasting sharply with the Sensex, which has gained 2.20%.
In the broader market context, the stock's short-term return over the past week shows a decline of 1.00%, while the Sensex has decreased by a smaller margin of 0.92%. This underperformance highlights the stock's struggles relative to the benchmark. Over the past month, One Mobikwik's decline of 3.53% also outpaces the Sensex's drop of 4.60%, suggesting that while both are facing downward pressure, One Mobikwik is faring worse. Overall, the combination of poor performance metrics, declining investor interest, and the stock's proximity to its 52-week low contributes to its current downward trajectory.