Why is Ola Electric falling/rising?

As of 30-Jul, Ola Electric Mobility Ltd's stock price is currently at 42.14, reflecting an increase of 0.41 or 0.98%. The stock has shown a positive trend recently, gaining for the last three days and outperforming its sector by 1.59%. However, despite this short-term gain, the stock has experienced a decline of 2.18% over the past week and 2.39% over the past month. The company has been facing significant challenges, including operating losses and a weak long-term fundamental strength, as evidenced by a -38.66% annual growth rate in operating profit over the last five years. Additionally, the company has reported negative results for the last four consecutive quarters, with a PAT of Rs -1,298.00 crore and a significant decline in net sales.
In the broader market context, while the stock has outperformed its sector recently, it has still underperformed compared to the Sensex, which has declined by 1.50% over the past week and 2.54% over the past month. The stock's year-to-date performance is particularly concerning, showing a staggering decline of 50.86% compared to the Sensex's gain of 4.28%. Institutional investors have increased their stake in the company, indicating some confidence in its potential, but the overall financial health remains weak, with a negative EBITDA and a poor EBIT to interest ratio. This combination of short-term gains amidst long-term struggles suggests a complex situation for Ola Electric, where positive movements may not be sustainable without significant improvements in its financial fundamentals.