Why is Ola Electric falling/rising?

As of 18-Sep, Ola Electric Mobility Ltd's stock is currently priced at Rs 57.71, reflecting a decrease of Rs 1.05 or 1.79%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.72% in that period. Additionally, the stock has underperformed its sector by 2.25% today. Over the past week, it has seen a slight decline of 0.33%, while its performance over the last month shows a significant increase of 40.04%. However, year-to-date, the stock is down 32.70%, and over the past year, it has experienced a substantial drop of 50.61%. The company has declared negative results for the last four consecutive quarters, with a significant operating loss and a weak ability to service its debt, which contributes to its poor long-term fundamental strength.
In the broader market context, the Sensex has shown a positive return of 1.80% over the past week and 2.14% over the last month, contrasting sharply with Ola Electric's recent performance. The stock's decline is exacerbated by falling investor participation, as evidenced by a 56.81% drop in delivery volume compared to the five-day average. While there has been an increase in institutional investor participation, holding 7.34% of the company, the overall sentiment remains negative due to the company's weak financials and significant losses. This combination of factors has led to a lack of confidence among investors, contributing to the stock's downward trajectory.