Why is Ola Electric falling/rising?

As of 07-Aug, Ola Electric Mobility Ltd's stock price is currently at Rs 40.28, reflecting a decrease of Rs 0.04 or 0.1%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 1.44%. It is also trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock is close to its 52-week low, just 1.74% away from Rs 39.58. Additionally, the company has reported negative results for the last four consecutive quarters, with a significant operating loss and a weak ability to service its debt. While there has been an increase in institutional investor participation, this has not been sufficient to offset the negative sentiment surrounding the company's financial performance and operational challenges.
In the broader market context, Ola Electric's short-term performance has been notably worse than the benchmark Sensex, with a 1-week return of -2.54% compared to the Sensex's -0.69%. Over the past month, the stock has declined by 3.08%, while the Sensex has fallen by 3.38%. This indicates that the stock is not only struggling in absolute terms but is also lagging behind the overall market trend. The combination of poor financial results, weak long-term growth prospects, and the stock's current trading position suggests a challenging environment for Ola Electric, contributing to its recent price decline.