Why is Ola Electric falling/rising?

As of 22-Sep, Ola Electric Mobility Ltd's stock price is currently at 57.92, reflecting an increase of 0.26 or 0.45%. The stock has shown a trend reversal, gaining after four consecutive days of decline. Despite this recent uptick, the stock has underperformed significantly over the past year, with a return of -47.82%, compared to the Sensex's decline of only -2.82%. Additionally, the stock's performance today is in line with the sector, and there has been a notable increase in investor participation, with delivery volume rising by 28.82% against the five-day average. However, the company faces challenges, including operating losses and a weak long-term fundamental strength, as evidenced by a negative PAT and declining net sales.
Broader Market Context: In the short term, while Ola Electric's stock has gained 0.45%, it has still experienced a decline of 4.38% over the past week, contrasting with the Sensex's increase of 0.46%. The broader market has shown resilience, with the BSE500 generating negative returns of only -3.80% over the last year, indicating that Ola Electric's struggles are more pronounced than those of the overall market. The increasing participation of institutional investors, who have raised their stake in the company, suggests some confidence in its potential, but the ongoing negative financial results and high operational risks continue to weigh heavily on the stock's performance.