Why is One Mobikwik falling/rising?

As of 03-Sep, One Mobikwik Systems Ltd's stock price is currently at Rs 289.00, reflecting an increase of Rs 7.55 or 2.68%. The stock has shown strong performance recently, gaining 30.89% over the last three days and outperforming its sector by 1.84% today. It reached an intraday high of Rs 300, although it also touched a low of Rs 275.3. Despite these gains, the company has faced significant challenges, including operating losses and negative results for the last three consecutive quarters, which have contributed to a weak long-term fundamental strength. Institutional investors have increased their stake, indicating some confidence in the stock, but the overall negative EBITDA and declining profits raise concerns about its sustainability.
In the broader market context, One Mobikwik's short-term return of +28.24% over the past week contrasts sharply with the Sensex, which has seen a slight decline of -0.27%. This indicates that the stock is performing well relative to the benchmark in the short term. However, it is important to note that the stock has a year-to-date return of -50.76%, while the Sensex has gained 3.11% during the same period, highlighting the stock's volatility and the challenges it faces in the long run.