Why is Ola Electric falling/rising?

As of 06-Oct, Ola Electric Mobility Ltd's stock is currently priced at Rs 52.60, reflecting a decline of Rs 1.37 or 2.54%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 7.17% during this period. In the past week, the stock has decreased by 2.54%, while over the last month, it has seen a significant decline of 12.20%. 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. Despite an increase in institutional investor participation, which has risen by 1.51% over the previous quarter, the overall fundamentals remain weak, contributing to the stock's downward trend.
In the broader market context, the stock's performance has been notably worse than the benchmark index, the Sensex, which has gained 1.77% over the past week. The stock's year-to-date return stands at -38.66%, contrasting sharply with the Sensex's positive return of 4.67%. This stark difference highlights the stock's struggle relative to the market, as it has underperformed significantly over the past year, with a return of -46.90% compared to the market's modest decline of -1.93%. The combination of poor financial results and weak long-term growth prospects continues to weigh heavily on Ola Electric's stock price.