Why is Ola Electric falling/rising?

As of 25-Jul, Ola Electric Mobility Ltd's stock price is currently at Rs 41.24, reflecting a decrease of Rs 1.37 or 3.22%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 4.27% during this period. It is also trading below all key moving averages, indicating a bearish trend. The stock is close to its 52-week low, just 4.03% above Rs 39.58. Despite a slight increase in institutional investor participation, which has risen by 1.51% over the previous quarter, the company continues to face significant challenges, including operating losses and a weak ability to service its debt, which has contributed to a negative sentiment around the stock.
In the broader market context, Ola Electric's short-term performance has been slightly better than the benchmark Sensex, with a 1-week return of -0.12% compared to the Sensex's -0.36%. However, over the past month, Ola Electric has significantly underperformed, with a decline of 4.71% against the Sensex's -1.56%. The company's negative financial results, including a 55.61% drop in net sales and a negative EBITDA, further exacerbate the situation, leading to a perception of high risk among investors. Overall, the combination of poor financial performance and market sentiment is driving the stock's decline.