Why is Onelife Capital falling/rising?

As of 07-Jul, Onelife Capital Advisors Ltd is experiencing a decline in its stock price, currently at 14.19, which reflects a decrease of 0.31 or 2.14%. The stock has underperformed its sector today, and while it has shown a positive return of 2.09% over the past week and 9.41% over the past month, it has significantly underperformed on a year-to-date basis with a decline of 14.52%. The stock's performance is further hindered by a notable drop in investor participation, with delivery volume falling by 65.52% against the 5-day average. Additionally, the company is facing operational challenges, including negative EBITDA and a substantial operating loss, which contribute to its weak long-term fundamental strength.
In the broader market context, the Sensex has shown a slight decline of 0.20% over the past week, while Onelife Capital's recent performance indicates a stronger short-term return compared to the benchmark. However, the stock has consistently underperformed against the benchmark over the last three years, with a one-year return of -16.77% compared to the Sensex's positive 4.31%. The presence of pledged promoter shares, which account for 28.74%, adds further risk and downward pressure on the stock price, particularly in a falling market. Overall, these factors contribute to the stock's current downward trajectory.