Why is One Mobikwik falling/rising?

As of 12-Aug, One Mobikwik Systems Ltd is currently priced at 229.75, reflecting a slight increase of 0.45 or 0.2%. Despite this small uptick, the stock has experienced a significant decline over the past week and month, with returns of -3.99% and -8.88%, respectively. The stock is also close to its 52-week low, just 1.26% away from Rs 226.85. Although it has outperformed its sector by 1.11% today and has shown a trend reversal after two consecutive days of decline, it is trading below all key moving averages. Additionally, there has been a decrease in investor participation, with delivery volume falling by 13.12% against the five-day average. The company has been facing operating losses and has reported negative results for the last three consecutive quarters, which has contributed to a weak long-term fundamental strength.
In the broader market context, the Sensex has shown a decline of only 0.59% over the past week, indicating that One Mobikwik's performance is significantly worse than the benchmark. The stock's year-to-date performance is particularly concerning, with a staggering drop of 60.85%, while the Sensex has gained 2.68% during the same period. The increasing participation of institutional investors, who have raised their stake by 3.37%, may provide some support, but the overall negative sentiment surrounding the company's financial health and declining profits poses a substantial risk to its stock price.