Why is One Mobikwik falling/rising?

As of 26-Aug, One Mobikwik Systems Ltd is experiencing a decline in its stock price, currently at Rs 225.35, which reflects a decrease of Rs 1.8 or 0.79%. The stock has been underperforming, with a 1-week return of -1.49% and a 1-month return of -12.49%. Today, it is close to its 52-week low, just 0.91% away from Rs 223.3, and has fallen consecutively for the last two days, resulting in a total decline of -1.57%. The stock is trading below all key moving averages, indicating a bearish trend. Despite a slight increase in institutional investor participation, which rose by 3.37% in the last quarter, the company has reported negative results for three consecutive quarters, leading to concerns about its long-term viability.
In the broader market context, the Sensex has decreased by only 1.05% over the past week, indicating that One Mobikwik's performance is significantly worse than the benchmark. The finance/NBFC sector has also seen a decline of -2.02%, contributing to the negative sentiment surrounding the stock. The company's operating losses and poor long-term growth prospects, highlighted by a -26.26% annual decline in operating profit, further exacerbate the situation. With a return on equity of -20.3 and a high price-to-book value of 2.9, the stock is considered very expensive relative to its fundamentals, which has likely led to a lack of investor confidence and participation, as evidenced by a 17.72% drop in delivery volume compared to the 5-day average.