Why is Ola Electric falling/rising?

As of 21-Jul, Ola Electric Mobility Ltd is experiencing a decline in its stock price, currently at Rs 40.75, which reflects a decrease of Rs 0.54 or 1.31%. The stock has been underperforming significantly, with a consecutive fall over the last five days resulting in a total decline of 13.54%. It is also trading below all key moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 2.87% away from Rs 39.58. The company's financial performance has been troubling, with negative results reported for the last four consecutive quarters, including a substantial drop in net sales and a negative EBITDA, which suggests weak long-term growth potential and operational challenges.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark Sensex, which has only declined by 0.06% over the same one-week period. This stark contrast highlights the stock's struggles relative to the overall market. Furthermore, there has been a decrease in institutional investor participation, which may indicate a lack of confidence in the company's future prospects. The company's operating losses and poor ability to service its debt further exacerbate the situation, contributing to the stock's downward trajectory. Overall, the combination of weak financial fundamentals and negative market sentiment is driving the stock's decline.