Why is Ola Electric falling/rising?

As of 26-Jun, Ola Electric Mobility Ltd is experiencing a decline in its stock price, currently at Rs. 43.17, which reflects a decrease of -0.11 or -0.25%. The stock has underperformed significantly, with a 1-week return of -5.14% and a 1-month return of -17.85%. Today's performance indicates that the stock has hit a new 52-week low at Rs. 43.02 and has been on a consecutive downward trend for the last two days, resulting in a total decline of -1.01%. The company's operating losses and poor long-term growth, highlighted by a -38.66% annual decline in operating profit over the last five years, contribute to its weak fundamental strength. Additionally, the company reported a drastic fall in net sales of -100% and has declared negative results for the last three consecutive quarters, which has further eroded investor confidence.
In the broader market context, the Sensex has shown a positive return of +2.94% over the past week, contrasting sharply with Ola Electric's performance. This disparity indicates that while the overall market is gaining, Ola Electric is struggling significantly. The stock's liquidity is relatively stable, but there has been a notable decline in delivery volume by -23.68% compared to the 5-day average, suggesting a decrease in investor participation. Furthermore, institutional investors have reduced their stakes by -0.82%, reflecting a lack of confidence in the company's future prospects. Overall, the combination of poor financial performance, declining investor interest, and a contrasting positive market environment has led to the stock's recent downward movement.