Why is Ola Electric falling/rising?

As of 18-Jul, Ola Electric Mobility Ltd's stock is currently priced at Rs 41.29, reflecting a decrease of Rs 0.87 or 2.06%. The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total decline of 12.39% during this period. It is also trading below all its moving averages, indicating a bearish trend. The stock is close to its 52-week low, just 4.14% away from Rs 39.58. Additionally, the company has reported negative results for the last four quarters, with significant operating losses and a weak ability to service its debt, contributing to a poor long-term growth outlook. Institutional investor participation has also decreased, indicating a lack of confidence in the company's fundamentals.
In the broader market context, Ola Electric's short-term performance has been notably better than the benchmark Sensex, with a 1-week return of +3.69% compared to the Sensex's -0.90%. However, over the longer term, the stock has significantly underperformed, with a year-to-date decline of 51.85% against the Sensex's gain of 4.63%. This stark contrast highlights the challenges faced by Ola Electric, particularly in light of its negative EBITDA and declining sales, which have led to a lack of investor confidence and participation.