Why is One Mobikwik falling/rising?

As of 19-Aug, One Mobikwik Systems Ltd's stock is currently priced at 228.75, reflecting an increase of 2.6 or 1.15%. The stock has been gaining for the last two days, with a total return of 1.46% during this period. However, it remains close to its 52-week low, just 2.38% away from Rs 223.3. Despite this recent uptick, the stock has underperformed significantly over the past month, down 12.41%, and has a year-to-date decline of 61.02%. The company has faced operating losses and negative results for the last three consecutive quarters, which has contributed to a weak long-term fundamental strength. Institutional investors have increased their stake by 3.37%, indicating some confidence in the company, but the overall financial health remains concerning, particularly with a negative EBITDA and a drastic fall in profits.
In the broader market context, the stock's short-term performance contrasts sharply with the benchmark Sensex, which has gained 1.76% over the past week. While One Mobikwik has outperformed its sector today by 1.18%, its long-term returns are troubling, especially when compared to the Sensex's 4.49% gain year-to-date. The stock's liquidity is adequate for trading, but the falling investor participation, evidenced by a 10.23% drop in delivery volume, raises concerns about sustained interest. Overall, while there are some positive indicators, the significant operational challenges and poor historical performance suggest that the stock's recent rise may not be sustainable in the long term.