Why is One Mobikwik falling/rising?

As of 16-Sep, One Mobikwik Systems Ltd's stock price is currently at Rs 311.30, reflecting a decrease of Rs 4.35 or 1.38%. Today's price summary indicates that the stock underperformed its sector by 1.66%, with an intraday high of Rs 325.7 and a low of Rs 309.3. The stock has shown a positive return of 0.53% over the past week and a significant increase of 38.08% over the past month. However, 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 a decline in investor confidence. Additionally, despite a recent increase in institutional investor participation, the company's poor financial performance, including a return on equity of -20.3 and a significant drop in profits, suggests a challenging outlook.
In the broader market context, the Sensex has outperformed One Mobikwik, gaining 1.58% over the past week and 2.21% over the past month. This contrast highlights the stock's struggles relative to the overall market performance. While the stock has seen increased trading volume and some institutional interest, the persistent operating losses and negative earnings reports have overshadowed these positive factors, leading to a decline in its stock price. The combination of weak fundamentals and underperformance compared to the benchmark indicates that investor sentiment remains cautious regarding One Mobikwik's future prospects.