Why is Ola Electric falling/rising?

As of 29-Sep, Ola Electric Mobility Ltd's stock price is currently at 53.99, reflecting a decrease of 0.79, or 1.44%. The stock has been underperforming, having lost 7.28% over the last four days, and it has a year-to-date decline of 37.04%. The stock's performance today is notably lower than its sector by 1.35%. Additionally, the company has reported negative results for the last four consecutive quarters, with significant operating losses and a weak ability to service its debt. While institutional investors have increased their stake by 1.51%, indicating some confidence in the company, the overall fundamentals remain weak, contributing to the stock's downward movement.
In the broader market context, the stock has underperformed compared to the benchmark, with a one-year return of -47.17% against the Sensex's decline of only 6.08%. This stark contrast highlights the stock's struggles relative to the market. The recent decline in investor participation, evidenced by a 38.72% drop in delivery volume, further exacerbates the stock's challenges. While the stock is liquid enough for trading, the combination of poor financial performance and negative investor sentiment suggests a continued struggle for Ola Electric in the current market environment.