Why is One Mobikwik falling/rising?

As of 13-Aug, One Mobikwik Systems Ltd is experiencing a decline in its stock price, currently at Rs. 226.50, which represents a decrease of Rs. 3.25 or 1.41%. The stock has hit a new 52-week low of Rs. 223.55 today, underperforming its sector by 2.32%. Over the past week, the stock has fallen by 3.43%, and it has seen a significant year-to-date decline of 61.41%. The company's operating losses and weak long-term fundamentals are concerning, as it has reported negative results for the last three consecutive quarters, with a notable drop in both profit before tax and net sales. Although institutional investors have increased their stake by 3.37%, the overall sentiment remains negative due to the company's poor financial performance and negative EBITDA.
In the broader market context, the Sensex has remained relatively flat, with a slight decrease of 0.01% over the past week. While One Mobikwik's short-term performance has significantly lagged behind the benchmark, which has gained 3.07% year-to-date, this disparity highlights the stock's struggles in comparison to the overall market. The stock's liquidity remains adequate for trading, but the falling investor participation and the negative trajectory of its moving averages further indicate a lack of confidence among investors.