Why is One Mobikwik falling/rising?

As of 23-Sep, One Mobikwik Systems Ltd is experiencing a decline in its stock price, currently at Rs 288.10, which reflects a decrease of Rs 6.6 or 2.24%. The stock has underperformed its sector by 2.57% today, touching an intraday low of Rs 284.25. Over the past week, the stock has fallen by 7.45%, while it has shown a significant increase of 25.84% 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, as indicated by a -26.26% annual growth rate in operating profit. Additionally, the stock is trading at risky valuations, with profits having fallen by -1469% over the past year, contributing to investor concerns.
Broader market context shows that while the Sensex has only declined by 0.34% over the past week, One Mobikwik's performance has been significantly worse. The stock's recent decline is compounded by a 51.28% drop in delivery volume, indicating falling investor participation. Despite a 3.37% increase in institutional investor stakes, which suggests some confidence in the company's potential, the overall sentiment remains negative due to the company's ongoing operational challenges and poor financial performance.