Why is One Mobikwik falling/rising?

As of 05-Sep, One Mobikwik Systems Ltd's stock price is currently at Rs 293.60, reflecting an increase of Rs 14.0 or 5.01%. The stock has shown significant short-term performance, with a 1-week return of +32.97% and a 1-month return of +22.69%. Today's trading saw the stock reach an intraday high of Rs 309, indicating strong volatility, although there has been a notable decline in investor participation, with delivery volume falling by 45.27% compared to the 5-day average. Additionally, while institutional investors have increased their stake by 3.37%, the company has been facing challenges, including operating losses and negative results for the last three consecutive quarters, which contribute to its weak long-term fundamental strength.
In the broader market context, the Sensex has only increased by 1.13% over the past week, indicating that One Mobikwik's performance has significantly outpaced the benchmark. Despite this positive short-term movement, the stock's year-to-date performance remains concerning, with a decline of 49.97%, contrasting sharply with the Sensex's gain of 3.29% in the same period. The company's weak fundamentals, including a negative return on equity and declining profits, suggest that while the stock may be experiencing a temporary rise, the underlying financial health poses risks that could affect its future performance.