Why is Ola Electric falling/rising?

As of 12-Aug, Ola Electric Mobility Ltd's stock price is currently at Rs 39.83, reflecting a decrease of Rs 0.03 or 0.08%. The stock has been on a downward trend, having lost 2.54% over the past week and is close to its 52-week low, just 0.63% away from Rs 39.58. The stock has also been underperforming significantly, with a year-to-date decline of 53.55% and a one-year return of -63.60%. The company has reported negative results for the last four consecutive quarters, with net sales and profit after tax both declining by 55.61%. Additionally, the company's operating losses and weak long-term fundamentals, highlighted by a poor EBIT to interest ratio of -6.92, contribute to its current stock performance. However, there has been an increase in institutional investor participation, with a 1.51% rise in their stake, indicating some level of confidence from more knowledgeable investors.
In the broader market context, Ola Electric's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 0.59% over the past week. While the stock has seen a slight increase in delivery volume, suggesting some liquidity, it remains below all key moving averages, indicating a bearish trend. The company's long-term growth prospects appear weak, as evidenced by a significant annual decline in operating profit and negative EBITDA. Overall, the combination of poor financial performance, ongoing losses, and underperformance relative to the market suggests that the stock is facing considerable challenges, leading to its current downward trajectory.