Why is Ola Electric falling/rising?

As of 04-Aug, Ola Electric Mobility Ltd's stock is currently priced at Rs 40.86, reflecting an increase of Rs 0.31 or 0.76%. Despite this uptick, the stock has underperformed its sector by 1.75% today and is still close to its 52-week low, being only 3.13% away from Rs 39.58. The stock has experienced a trend reversal after two consecutive days of decline, but it remains below its moving averages across various time frames. Furthermore, the company has reported negative results for the last four quarters, with significant operating losses and a weak ability to service its debt, which contributes to its classification as a strong sell. However, there has been a slight increase in institutional investor participation, which may provide some support to the stock.
In the broader market context, the stock has seen a decline of 1.14% over the past week, while the benchmark Sensex has gained 0.16%. Over the past month, Ola Electric's stock has dropped by 2.11%, contrasting with the benchmark's decline of 2.89%. The automobile sector, particularly the two and three-wheelers, has gained 2.5%, indicating a positive trend in the industry that the stock has not fully capitalized on. The overall liquidity of the stock remains adequate for trading, but the falling investor participation, as evidenced by a 21.93% drop in delivery volume, raises concerns about sustained interest in the stock amidst its ongoing operational challenges.