Why is Ola Electric falling/rising?

As of 17-Sep, Ola Electric Mobility Ltd's stock price is currently at 58.76, reflecting a decrease of 0.56, or 0.94%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 2.99% during this period. Over the past week, the stock has decreased by 0.83%, while its performance over the last month shows a significant increase of 42.21%. However, the company has reported negative results for the last four consecutive quarters, with a net loss of Rs -1,298.00 crore and a decline in net sales of 26.6%. Additionally, the stock is considered risky due to negative EBITDA and poor long-term growth, as the operating profit has decreased at an annual rate of -38.66% over the last five years. Despite a slight increase in institutional investor participation, the overall sentiment remains negative due to the company's weak fundamentals.
In the broader market context, the Sensex has increased by 1.56% over the past week, contrasting with Ola Electric's decline. While the stock has underperformed the market significantly over the past year, with a return of -50.25% compared to the market's -2.63%, it has shown some resilience in the short term with a notable monthly gain. However, the recent consecutive falls and declining investor participation indicate a lack of confidence among investors, which is further compounded by the company's ongoing operational losses and weak ability to service its debt.