Why is Ola Electric falling/rising?

As of 16-Jul, Ola Electric Mobility Ltd's stock price is currently at Rs 42.36, reflecting a decrease of Rs 1.78 or 4.03%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 10.12% during this period. Today's trading saw the stock touch an intraday low of Rs 42.01, indicating significant selling pressure. Additionally, the stock has shown a poor performance over the past month, with a decline of 9.45%, while year-to-date returns are down by 50.60%. The company has been facing operational challenges, including negative results for the last four consecutive quarters, which have contributed to its weak long-term growth prospects and a negative EBITDA. Furthermore, institutional investors have reduced their stakes, indicating a lack of confidence in the company's fundamentals.
In the broader market context, the Sensex has shown a slight decline of 1.08% over the past week, which contrasts with Ola Electric's positive return of 4.85% during the same period. However, the stock's significant year-to-date decline of 50.60% starkly contrasts with the Sensex's positive return of 5.75%. This suggests that while the overall market has been relatively stable, Ola Electric's specific issues, including operating losses and declining sales, have led to its underperformance. The rising investor participation, as indicated by a 192.69% increase in delivery volume, may not be sufficient to counteract the negative sentiment surrounding the company's financial health and operational challenges.