Why is One Mobikwik falling/rising?

As of 18-Sep, One Mobikwik Systems Ltd's stock price is currently at 301.85, reflecting an increase of 3.25 or 1.09%. The stock has shown a trend reversal today, gaining after two consecutive days of decline, and it outperformed its sector by 0.76%. The stock touched an intraday high of Rs 306, indicating some positive momentum, although it also experienced a low of Rs 292.6. Over the past week, the stock has decreased by 0.82%, while it has seen a significant increase of 33.47% over the past month. However, the company has faced challenges, including operating losses and negative results for the last three quarters, which have contributed to a weak long-term fundamental strength. Institutional investors have increased their stake, which may provide some support, but the overall negative financial performance, including a return on equity of -20.3, raises concerns about the stock's valuation.
In the broader market context, while One Mobikwik's stock has risen today, its recent performance over the past week contrasts with the Sensex, which has increased by 1.80%. The stock's year-to-date performance shows a significant decline of 48.57%, compared to the Sensex's gain of 6.24%. This stark difference highlights the challenges One Mobikwik faces in the current market environment, despite some positive movements today. The falling investor participation, as indicated by a decrease in delivery volume, suggests that market sentiment may still be cautious regarding the stock's future performance.