Why is One Mobikwik falling/rising?

As of 01-Oct, One Mobikwik Systems Ltd is experiencing a price increase, currently at Rs 271.85, which reflects a rise of Rs 21.6 or 8.63%. The stock has shown a trend reversal, gaining after six consecutive days of decline, and today it outperformed its sector by 8.14%. Despite this positive movement, the stock's performance over the past week is down by 1.84%, while it has increased by 14.58% over the past month. However, the company has faced significant challenges, including operating losses and negative results for the last three consecutive quarters, which have contributed to a weak long-term fundamental strength. Institutional investors have increased their stake, indicating some confidence in the stock, but the overall financial health remains concerning with a negative EBITDA and declining profits.
In the broader market context, the Sensex has decreased by 0.90% over the past week, suggesting that the stock's short-term performance is relatively strong compared to the benchmark. While the stock has outperformed the Sensex in the short term, its year-to-date performance shows a significant decline of 53.68%, contrasting sharply with the Sensex's gain of 3.64%. This disparity highlights the stock's volatility and the challenges it faces in regaining investor confidence despite today's positive movement.