Why is One Mobikwik falling/rising?

As of 29-Aug, One Mobikwik Systems Ltd is experiencing a decline in its stock price, currently at Rs. 220.80, which reflects a decrease of Rs. 1.2 or 0.54%. The stock has been on a downward trend, losing value for the last four consecutive days and showing a total return of -3.56% over the past week. Additionally, it has hit a new 52-week low of Rs. 218.85 today. The stock is trading below its moving averages across various time frames, indicating weak performance. Furthermore, there has been a significant drop in investor participation, with delivery volume falling by 41.27% compared to the five-day average. The company's fundamentals are concerning, as it has reported operating losses and negative results for the last three consecutive quarters, leading to a weak long-term growth outlook.
In the broader market context, the stock's performance has been notably worse than the benchmark, with a one-month return of -11.38% compared to the Sensex's -1.88%. While there has been an increase in institutional investor participation, with a 3.37% rise in their stake, the overall sentiment remains negative due to the company's poor financial health, including a significant decline in profits and a very expensive valuation. This combination of factors contributes to the stock's continued decline, as investors remain cautious amidst the company's ongoing operational challenges.