Why is Ola Electric falling/rising?

As of 18-Aug, Ola Electric Mobility Ltd's stock price is currently at Rs 41.21, reflecting a decrease of Rs 0.11 or 0.27%. The stock has recently shown a trend reversal after two consecutive days of gains, underperforming its sector by 4.99%. It is also close to its 52-week low, being only 3.96% away from Rs 39.58. Over the past week, the stock has gained 3.39%, but it has seen a decline of 0.19% over the past month and a significant drop of 68.96% over the last year. The company has been facing challenges, including operating losses and negative results for the last four consecutive quarters, which have contributed to its weak long-term fundamental strength. Despite an increase in institutional investor participation, the company's ability to service its debt remains weak, and it has reported a negative EBITDA.
In the broader market context, while the stock has gained 3.39% in the last week, the benchmark Sensex has only increased by 0.83%, indicating a stronger short-term performance relative to the market. However, the stock's year-to-date performance is concerning, with a decline of 51.94% compared to a 4.01% gain in the Sensex. This underperformance is compounded by the company's poor long-term growth metrics, including a significant drop in net sales and profits over the last six months. Overall, the combination of negative financial results and weak operational performance has led to a cautious outlook for Ola Electric, contributing to its recent price decline.