Why is One Mobikwik falling/rising?

As of 04-Sep, One Mobikwik Systems Ltd is experiencing a decline in its stock price, currently at Rs 279.60, which reflects a decrease of Rs 9.4 or 3.25%. Today's price summary indicates that the stock has underperformed its sector by 3.66%, following a trend reversal after three consecutive days of gains. The stock touched an intraday low of Rs 275.3, and while it has higher moving averages compared to the 5-day, 20-day, 50-day, and 100-day averages, it remains lower than the 200-day moving average. Additionally, despite a significant increase in delivery volume by 90.4% against the 5-day average, the company has reported negative results for the last three consecutive quarters, with operating losses and a weak long-term fundamental strength, which has contributed to the stock's recent decline.
In the broader market context, the stock has shown a 25.95% increase over the past week, significantly outperforming the Sensex, which only increased by 0.80%. However, the year-to-date performance reveals a stark contrast, with One Mobikwik down 52.36% while the Sensex has gained 3.30%. The increasing participation by institutional investors, who have raised their stake by 3.37%, suggests some confidence in the stock despite its poor long-term growth and negative financial results. This mixed sentiment in the market, combined with the company's ongoing operational challenges, is likely influencing the stock's current downward trajectory.