Why is One Mobikwik falling/rising?

As of 17-Sep, One Mobikwik Systems Ltd is experiencing a decline in its stock price, currently at Rs 298.60, which reflects a decrease of Rs 12.7 or 4.08%. The stock has underperformed its sector by 4.02% today and has been on a downward trend for the last two days, resulting in a total loss of 5.4% during this period. Additionally, the stock's performance over the past week shows a decline of 2.08%, while it has gained 32.45% over the past month. However, year-to-date, it has significantly underperformed with a drop of 49.12%. The company's recent financial results have been negative, with operating losses and a weak long-term growth outlook, contributing to a lack of investor confidence. Institutional investors have increased their stake, which may provide some support, but the overall fundamentals remain weak, as indicated by the company's declining profits and negative returns.
In the broader market context, the Sensex has shown a positive return of 1.56% over the past week, contrasting sharply with One Mobikwik's negative performance. This divergence highlights the stock's struggles relative to the market, particularly as it has fallen significantly while the benchmark index has risen. The company's liquidity appears adequate for trading, but the falling delivery volume suggests waning investor interest. Overall, the combination of poor financial performance, negative investor sentiment, and underperformance relative to the benchmark indicates that One Mobikwik's stock price is under pressure.