Why is Ola Electric falling/rising?

As of 17-Jul, Ola Electric Mobility Ltd is currently priced at 42.16, reflecting a decrease of 0.2, or 0.47%. The stock has been underperforming, having fallen for the last three consecutive days, resulting in a total decline of 10.55% during this period. Additionally, it is trading below all its moving averages, indicating a bearish trend. The stock's performance over the past week shows a gain of 5.48%, but it has significantly underperformed over the past month with a decline of 9.31%. The company has reported negative results for the last four consecutive quarters, with a substantial operating loss and a weak ability to service its debt, contributing to a negative sentiment among investors.
In the broader market context, the Sensex has experienced a slight decline of 1.12% over the past week, contrasting with Ola Electric's recent performance. However, the stock's year-to-date performance is notably poor, down 50.83%, while the Sensex has gained 5.27% in the same timeframe. The falling participation from institutional investors, who have reduced their stake, further exacerbates the stock's decline, as these investors typically have more resources to evaluate company fundamentals. Overall, the combination of weak financial performance, declining investor interest, and negative market sentiment has led to the stock's current downward trajectory.