Why is Ola Electric falling/rising?

As of 01-Aug, Ola Electric Mobility Ltd's stock is currently priced at Rs 40.59, reflecting a decrease of Rs 0.74 or 1.79%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 3.68%. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, the stock is close to its 52-week low, just 2.49% away from Rs 39.58. The company has reported negative results for the last four consecutive quarters, with significant operating losses and a weak ability to service its debt, contributing to a negative sentiment among investors. While institutional investors have increased their stake by 1.51%, the overall fundamentals remain weak, leading to a lack of confidence in the stock's performance.
In the broader market context, Ola Electric's short-term performance has been worse than the benchmark Sensex, which has declined by 1.06% over the past week compared to Ola's 1.58% drop. Additionally, the stock has underperformed its sector by 2.86% today, indicating a challenging environment for the company. Despite a slight increase in institutional investor participation, the overall liquidity remains adequate for trading, but the significant drop in delivery volume by 61.19% against the 5-day average suggests waning investor interest. The combination of poor financial performance, negative EBITDA, and a weak long-term growth outlook continues to exert downward pressure on the stock price.