Why is One Mobikwik falling/rising?

As of 14-Aug, One Mobikwik Systems Ltd is experiencing a decline in its stock price, currently at 225.45, which reflects a decrease of 1.05 or 0.46%. The stock has underperformed its sector by 0.62% today and has been on a downward trend for the last two days, with a total loss of 1.63% during this period. It is also trading close to its 52-week low, just 1.08% away from Rs 223.55. Over the past week, the stock has fallen by 4.35%, and its year-to-date performance shows a significant drop of 61.59%. The company has reported negative results for the last three consecutive quarters, with operating losses and declining net sales, which contribute to its weak long-term fundamental strength. Additionally, despite a recent increase in institutional investor participation, the overall sentiment remains negative due to the company's poor financial performance.
In the broader market context, the Sensex has shown a minimal decline of only 0.03% over the past week, contrasting sharply with One Mobikwik's significant drop. This indicates that the stock's poor performance is not reflective of the overall market trend. While institutional investors have increased their stake, the company's ongoing operating losses and a very expensive valuation, coupled with a negative return on equity, suggest that investor confidence is waning. The stark difference in performance between One Mobikwik and the benchmark highlights the challenges the company faces, leading to its current stock price decline.