Why is Ola Electric falling/rising?

As of 16-Sep, Ola Electric Mobility Ltd's stock price is currently at Rs 59.32, reflecting a decline of Rs 1.25 or 2.06%. The stock has underperformed its sector by 2.97% today and has experienced a trend reversal, falling after two consecutive days of gains. Over the past week, the stock has decreased by 0.94%, while it has shown a significant increase of 43.56% over the past month. However, 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 fundamental strength, highlighted by a poor EBIT to interest ratio, contribute to the stock's downward pressure. Despite a recent increase in institutional investor participation, which now holds 7.34% of the company, the overall sentiment remains cautious due to the company's ongoing financial struggles.
Broader market context indicates that while the Sensex has gained 1.58% over the past week and 2.21% over the past month, Ola Electric's performance has lagged significantly, particularly with a year-to-date decline of 30.82% compared to the Sensex's 5.43% increase. The stock's liquidity remains adequate for trading, but the substantial drop in delivery volume by 81.06% against the five-day average suggests a lack of investor confidence. Overall, the combination of poor financial results, weak growth prospects, and underperformance relative to the broader market contributes to the stock's current decline.