Why is Ola Electric falling/rising?

As of 19-Sep, Ola Electric Mobility Ltd's stock price is currently at 57.66, reflecting a decrease of 0.05, or 0.09%. The stock has been on a downward trend, having lost 4.8% over the last four days. In terms of performance against benchmarks, the stock has underperformed significantly, with a year-to-date return of -32.76% compared to the Sensex's gain of 5.74%. Additionally, the stock has shown a concerning trend with a negative EBITDA and has reported operating losses, which have contributed to a weak long-term fundamental strength. Institutional investors have increased their stake by 1.51%, indicating some confidence, but the overall negative results over the last four quarters, including a substantial decline in net sales and profits, have overshadowed this positive aspect.
Broader market context shows that while the Sensex has gained 0.88% over the past week, Ola Electric's stock has decreased by 2.09% in the same period, highlighting its underperformance relative to the broader market. The stock's liquidity remains adequate, but the significant drop in delivery volume by 51.04% against the five-day average suggests waning investor interest. This combination of declining stock performance, poor financial results, and a lack of investor participation indicates a challenging environment for Ola Electric, contributing to its current price decline.