Why is Ola Electric falling/rising?

As of 29-Jul, Ola Electric Mobility Ltd's stock price is currently at 41.73, reflecting an increase of 0.4 (0.97%). The stock has outperformed its sector today, gaining 1.19% over the last two days, and has shown a 3.83% increase over the past week, while it has declined by 3.16% over the past month. Despite these short-term gains, the company faces significant challenges, including operating losses and a weak long-term fundamental strength, with a negative annual growth rate of -38.66% in operating profit over the last five years. Additionally, the company has reported negative results for the last four consecutive quarters, with a substantial loss of Rs -1,298.00 crore in the latest six months, which has contributed to a perception of risk among investors.
Broader market context indicates that while Ola Electric's stock has shown some resilience in the short term, it has underperformed significantly year-to-date, with a decline of 51.34% compared to a 4.09% increase in the Sensex. The stock's recent rise can be partially attributed to increased participation from institutional investors, who have raised their stake by 1.51% in the previous quarter, indicating a potential shift in investor sentiment. However, the broader market's performance, particularly the Sensex's positive return, highlights the challenges Ola Electric faces in regaining investor confidence amidst its ongoing financial struggles.