Why is Ola Electric falling/rising?

As of 04-Jul, Ola Electric Mobility Ltd's stock price is currently at Rs 41.74, reflecting an increase of Rs 1.16 or 2.86%. The stock has shown a trend reversal by gaining after three consecutive days of decline, and it outperformed its sector by 3.05% today. However, it is still trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 3.13%, and it has significantly underperformed the benchmark Sensex over the past month, with a decline of 16.49% compared to the Sensex's increase of 3.01%. The company has faced serious challenges, including operating losses and a significant drop in net sales, which have led to negative results for the last three consecutive quarters. Additionally, the company's high debt-to-EBITDA ratio and falling participation from institutional investors indicate weak long-term fundamentals.
In the broader market context, while Ola Electric's stock has risen today, it remains under pressure compared to the benchmark Sensex, which has shown positive returns over the past month and year-to-date. The stock's performance is concerning, given its substantial year-to-date decline of 51.32% against the Sensex's gain of 6.77%. The rising investor participation, as evidenced by a significant increase in delivery volume, may provide some short-term support, but the overall outlook remains risky due to the company's poor financial health and declining institutional interest.