Why is One Mobikwik falling/rising?

As of 09-Sep, One Mobikwik Systems Ltd is experiencing a decline in its stock price, currently at Rs 309.65, which reflects a decrease of Rs 15.45 or 4.75%. Today's price summary indicates that the stock has underperformed its sector by 5.3% and has fallen after two consecutive days of gains. The stock touched an intraday low of Rs 307.4, showing high volatility with an intraday fluctuation of 5.33%. Despite a positive short-term performance with a 10.02% increase over the past week and a 33.27% rise over the past month, the stock has faced significant challenges, including operating losses and negative results for the last three consecutive quarters. Institutional investors have increased their stake in the company, which could suggest a potential for recovery; however, the company’s weak long-term fundamentals and declining profits have contributed to the current downward trend.
In the broader market context, while One Mobikwik's short-term returns have outperformed the Sensex over the past week and month, the stock has significantly underperformed year-to-date, with a decline of 47.24% compared to the Sensex's increase of 3.79%. This stark contrast highlights the stock's struggles despite some recent positive momentum. The overall market sentiment may be influenced by the company's ongoing operational challenges and the high valuation metrics, which could deter further investment and contribute to the stock's current decline.