Why is One Mobikwik falling/rising?

As of 15-Sep, One Mobikwik Systems Ltd is experiencing a price increase, currently at Rs 315.65, reflecting a rise of Rs 18.15 or 6.1%. Today's performance indicates a trend reversal as the stock has gained after four consecutive days of decline. It reached an intraday high of Rs 321, showcasing a significant upward movement, although it also touched a low of Rs 288 during the day. Despite a recent 2.91% decline over the past week, the stock has shown a remarkable 40.01% increase over the last month. However, the company faces challenges, including operating losses and a weak long-term growth outlook, with negative results reported for the last three consecutive quarters. Institutional investors have increased their stake, which may provide some support, but the overall fundamentals remain concerning.
Broader market context shows that while One Mobikwik has outperformed its sector by 5.63% today, it has underperformed the benchmark Sensex over the past week, which gained 1.24%. The stock's year-to-date performance is particularly troubling, with a decline of 46.22%, contrasting sharply with the Sensex's 4.67% increase. This disparity highlights the stock's volatility and the challenges it faces in regaining investor confidence amidst its operational struggles.