Why is One Mobikwik falling/rising?

As of 19-Sep, One Mobikwik Systems Ltd is experiencing a decline in its stock price, currently at Rs 293.90, which reflects a decrease of Rs 7.95 or 2.63%. The stock has underperformed its sector by 2.48% today, touching an intraday low of Rs 292, which is a drop of 3.26%. Over the past week, the stock has decreased by 1.21%, while it has shown a significant increase of 28.48% over the past month. However, the year-to-date performance is concerning, with a decline of 49.92%. The stock's recent performance is further impacted by negative financial results, including consecutive operating losses and a significant drop in both profit before tax and net sales compared to previous quarters. Additionally, while institutional investor participation has increased, the overall weak long-term fundamentals and negative EBITDA position the stock as risky.
Broader market context indicates that the Sensex has gained 0.88% over the past week, contrasting with One Mobikwik's decline. The stock's liquidity remains adequate for trading, but the delivery volume has decreased significantly, suggesting waning investor interest. Despite the positive trend in institutional investment, the company's ongoing financial struggles and poor long-term growth prospects overshadow these factors, contributing to the stock's downward movement. Overall, the combination of negative financial results and underperformance relative to the benchmark reflects a challenging environment for One Mobikwik Systems Ltd.