Why is One Mobikwik falling/rising?

As of 11-Aug, One Mobikwik Systems Ltd is experiencing a decline in its stock price, currently at Rs 229.30, which reflects a decrease of Rs 2.7 or 1.16%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 2.72%. It is also trading close to its 52-week low, just 1.07% away from Rs 226.85. The stock has shown poor performance over various periods, with a year-to-date decline of 60.93%, indicating significant challenges. The company has reported negative results for the last three consecutive quarters, with operating losses and a weak long-term fundamental strength, which has contributed to the stock's downward trend. Additionally, while there has been an increase in institutional investor participation, this has not been sufficient to counterbalance the negative sentiment surrounding the company's financial performance.
In the broader market context, the stock's short-term performance has significantly lagged behind the benchmark Sensex, which has only declined by 0.51% over the past week, compared to One Mobikwik's 4.87% drop. This stark contrast highlights the stock's struggles relative to the overall market. Despite the liquidity of the stock being adequate for trading, the persistent operating losses and negative EBITDA position it as a risky investment. The combination of these factors suggests that investor confidence is low, leading to the stock's continued decline amidst a generally more stable market environment.