Why is Ola Electric falling/rising?

As of 23-Jul, Ola Electric Mobility Ltd's stock price is currently at Rs 43.08, reflecting an increase of Rs 2.89 or 7.19%. Today's performance indicates a trend reversal as the stock has gained after six consecutive days of decline, outperforming its sector by 6.58%. The stock reached an intraday high of Rs 43.95, and despite trading in a wide range of Rs 4.04, it is above the 5-day and 20-day moving averages but below the longer-term averages. However, the company faces significant challenges, including operating losses and a weak long-term growth outlook, with net sales and profit after tax both declining by 55.61% over the latest six months. Additionally, institutional investor participation has decreased, indicating a lack of confidence in the company's fundamentals.
In the broader market context, the stock's short-term return of +1.70% over the past week contrasts with the Sensex, which has only increased by 0.11%. While the stock has shown some positive movement recently, it has a year-to-date decline of 49.76%, significantly underperforming the Sensex's gain of 5.87%. The overall sentiment remains cautious due to the company's negative financial results over the last four quarters and a poor EBIT to interest ratio, which suggests ongoing financial instability.