Why is One Mobikwik falling/rising?

As of 12-Sep, One Mobikwik Systems Ltd is experiencing a decline in its stock price, currently at Rs 297.50, which reflects a decrease of Rs 6.85 or 2.25%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 8.49% during this period. Despite touching an intraday high of Rs 310.95, it also reached a low of Rs 295. The stock's performance over the past week shows a modest gain of 1.33%, but it has significantly underperformed the sector by 3.45% today. The company has faced negative financial results for the last three consecutive quarters, with operating losses and a weak long-term growth outlook, contributing to its current price movement. Additionally, while institutional investors have increased their stake, the overall investor participation has decreased, indicating a lack of confidence among retail investors.
In the broader market context, the stock's short-term return of 1.33% over the past week is slightly lower than the benchmark Sensex, which has gained 1.48% in the same period. However, the year-to-date performance shows a stark contrast, with One Mobikwik down 49.31% compared to the Sensex's gain of 4.82%. This significant underperformance highlights the challenges the company faces, particularly in light of its recent financial results and the negative sentiment surrounding its operational capabilities. The combination of declining investor participation and poor financial fundamentals suggests that the stock is struggling to gain traction in the market.