Why is Ola Electric falling/rising?

As of 07-Jul, Ola Electric Mobility Ltd is currently priced at Rs 41.56, reflecting a decrease of Rs 0.18 or 0.43%. The stock has underperformed, with a 1-week return of -3.73% and a 1-month return of -14.63%, significantly lagging behind the Sensex, which has gained 1.53% over the same period. The stock is trading below all its moving averages and is close to its 52-week low, indicating a bearish trend. Additionally, the company has reported negative financial results, including a 100% fall in net sales and significant operating losses, which contribute to its weak long-term fundamental strength. The decline in institutional investor participation further exacerbates the stock's downward pressure.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has shown resilience with a year-to-date gain of 6.79%. While Ola Electric's liquidity appears sufficient for trading, the overall sentiment remains negative due to the company's poor financial health and declining investor confidence. The combination of weak earnings, high debt levels, and falling institutional interest suggests that the stock is facing significant challenges, leading to its current downward trajectory.