Why is Ola Electric falling/rising?

As of 08-Aug, Ola Electric Mobility Ltd's stock price is currently at Rs 40.15, reflecting a decrease of Rs 0.13 or 0.32%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total decline of 1.76% during this period. It is also trading lower than 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 1.42% away from Rs 39.58. Despite a slight increase in institutional investor participation, which has risen by 1.51% over the previous quarter, the company continues to face significant challenges, including operating losses and negative results over the last four quarters, which have contributed to its weak long-term fundamental strength.
In the broader market context, Ola Electric's short-term performance has been slightly worse than the benchmark Sensex, which has declined by 0.92% over the past week compared to Ola's 1.08% drop. The stock's year-to-date performance is particularly concerning, with a staggering decline of 53.18%, while the Sensex has gained 2.20% during the same period. The company's weak financials, including a negative EBIT to interest ratio and declining net sales, further exacerbate its precarious position in the market, making it a risky investment compared to its historical valuations.