Why is Ola Electric falling/rising?

As of 24-Sep, Ola Electric Mobility Ltd's stock price is currently at Rs 56.92, reflecting a decrease of Rs 1.31 or 2.25%. The stock has underperformed its sector by 1.1% today and has experienced a trend reversal after two consecutive days of gains. It touched an intraday low of Rs 56.5, indicating a decline of 2.97%. Over the past week, the stock has fallen by 3.13%, while it has shown a significant increase of 20.64% over the past month. However, the company has reported negative results for the last four consecutive quarters, with a substantial operating loss and a weak ability to service its debt, contributing to a poor long-term fundamental strength. The recent increase in institutional investor participation, which has risen by 1.51% to a total of 7.34%, may not be sufficient to counterbalance the overall negative sentiment surrounding the stock.
Broader Market Context: In comparison to the benchmark Sensex, which has declined by 1.18% over the past week, Ola Electric's performance has been notably worse. The stock's year-to-date return stands at -33.62%, significantly underperforming the Sensex, which has gained 4.58% during the same period. This stark contrast highlights the challenges faced by Ola Electric in the current market environment, where its substantial losses and declining sales are overshadowing any positive movements from institutional investments. The broader market context suggests that while some sectors may be recovering, Ola Electric continues to struggle, leading to its current downward price movement.