Why is Ola Electric falling/rising?

As of 29-Aug, Ola Electric Mobility Ltd's stock is currently priced at 54.02, reflecting a decrease of 0.84, or 1.53%. The stock has recently experienced a trend reversal, falling after three consecutive days of gains. Despite this decline, the stock has shown strong short-term performance, with a 14.50% increase over the past week and a 29.45% increase over the past month. However, the company has reported negative results for the last four consecutive quarters, with significant operating losses and a weak long-term fundamental strength, which may contribute to the stock's downward movement. Additionally, while institutional investors have increased their stake, indicating some confidence, the overall financial health of the company remains concerning due to poor growth rates and negative EBITDA.
In the broader market context, the stock has underperformed relative to the benchmark, with a one-year return of -55.08% compared to the BSE500's decline of only -5.40%. This stark contrast highlights the challenges faced by Ola Electric, as it has not only struggled against the market but has also shown a significant drop in profitability. Despite recent increases in investor participation and liquidity, the ongoing operational losses and negative sales growth suggest that the stock's recent performance may not be sustainable, leading to its current decline.