Why is Ola Electric falling/rising?

As of 11-Jul, Ola Electric Mobility Ltd's stock price is currently at Rs. 39.82, reflecting a decrease of -0.15 or -0.38%. The stock has been on a downward trend, having fallen consecutively for the last five days, resulting in a total decline of -4.6% over that period. Today's performance indicates that the stock has outperformed its sector by 1.73%, but it has also hit a new 52-week low of Rs. 39.67. The company has reported very negative results, with net sales falling by -100% and operating losses contributing to a weak long-term fundamental strength. Additionally, the stock is trading below all key moving averages and has seen a decline in delivery volume, indicating reduced investor participation.
In the broader market context, the Sensex has experienced a minor decline of -1.12% over the past week, while Ola Electric's performance has been significantly worse, with a -4.60% drop in the same timeframe. This stark contrast highlights the stock's underperformance relative to the benchmark. Furthermore, institutional investors have reduced their stakes in the company, which may signal a lack of confidence in its future prospects. Overall, the combination of poor financial results, falling investor participation, and the stock's inability to maintain positive momentum has contributed to its recent price decline.