Why is One Mobikwik falling/rising?

As of 25-Aug, One Mobikwik Systems Ltd is experiencing a decline in its stock price, currently at Rs 227.15, which reflects a decrease of Rs 1.8 or 0.79%. The stock is trading close to its 52-week low, just 1.69% away from Rs 223.3, and has underperformed its sector by 0.6%. Additionally, it is trading below all key moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), indicating a bearish trend. The company has also reported a significant drop in investor participation, with delivery volume falling by 61.08% compared to the 5-day average. Despite a slight increase in institutional investor participation, which now holds 11.82% of the company, the overall sentiment remains negative due to the company's ongoing operating losses and poor long-term growth prospects.
In the broader market context, the stock's performance over the past week shows a slight increase of 0.44%, which is comparable to the benchmark Sensex's rise of 0.45%. However, over the past month, One Mobikwik has significantly underperformed, with a decline of 11.79% compared to a modest gain of 0.21% for the Sensex. The company's negative financial results over the last three quarters, including a substantial drop in profit before tax and net sales, coupled with a very expensive valuation indicated by a Price to Book Value of 2.9, contribute to the negative outlook. This combination of factors suggests that the stock is facing considerable challenges, leading to its current downward movement.