Why is Ola Electric falling/rising?

As of 28-Jul, Ola Electric Mobility Ltd's stock price is currently at Rs 41.33, reflecting a slight increase of 0.09 (0.22%). The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it remains 4.23% away from its 52-week low and is trading below all key moving averages, indicating a bearish trend. The stock has experienced a 1.42% increase over the past week, contrasting with a 4.08% decline over the past month. Despite a recent uptick, the company's long-term fundamentals are concerning, with operating losses and a negative EBITDA, which have contributed to a significant year-to-date decline of 51.80%.
In the broader market context, while Ola Electric's short-term performance has outpaced the Sensex by 1.42% over the past week, it has underperformed relative to the benchmark over the longer term, with a 4.08% decline compared to the Sensex's 3.77% drop over the past month. The stock's liquidity remains adequate for trading, but there has been a notable decrease in delivery volume, down 48.71% against the five-day average. Additionally, the increase in institutional investor participation, which has risen by 1.51% in the last quarter, may provide some support, yet the overall negative financial results and weak long-term growth prospects continue to weigh heavily on investor sentiment.