Why is Ola Electric falling/rising?

As of 22-Jul, Ola Electric Mobility Ltd's stock is currently priced at Rs 40.19, reflecting a decline of Rs 0.56 or 1.37%. The stock has been on a downward trend, having fallen consecutively for the last six days, resulting in a total decline of 14.73%. It is also trading close to its 52-week low, just 1.52% above Rs 39.58. Over the past week, the stock has underperformed significantly, with a return of -8.95%, while the benchmark Sensex has only decreased by 0.47%. The company's fundamentals are concerning, as it has reported negative results for the last four consecutive quarters, with net sales and profit after tax both declining by 55.61%. Additionally, the company's operating losses and weak long-term growth prospects, highlighted by a -38.66% annual growth rate in operating profit over the last five years, contribute to its negative outlook.
Broader market context indicates that while the Sensex has shown a slight decline of 0.47% over the past week, Ola Electric's performance is significantly worse, indicating a lack of investor confidence in the stock. The company's liquidity appears to be decreasing, with delivery volumes dropping by 80.71% against the five-day average, suggesting reduced investor participation. Furthermore, institutional investors have decreased their stake in the company by 0.82%, reflecting a broader concern regarding its financial health and ability to service debt, as evidenced by a poor EBIT to interest ratio of -6.92. Overall, these factors contribute to the stock's continued decline in price.