Why is Ola Electric falling/rising?

As of 10-Oct, Ola Electric Mobility Ltd is experiencing a decline in its stock price, currently at 49.66, reflecting a decrease of 0.58 or 1.15%. The stock has underperformed its sector by 1.91% today and has been on a consecutive downward trend for the last three days, resulting in a total drop of 5.63%. Over the past week, the stock has fallen by 7.99%, and year-to-date, it has decreased by 42.09%. Despite a recent increase in institutional investor participation, which has risen by 1.51% over the previous quarter, the company is facing significant challenges, including operating losses and a weak long-term fundamental strength, with a negative EBITDA and a poor EBIT to Interest ratio of -6.92. The company has reported negative results for the last four consecutive quarters, contributing to a lack of investor confidence.
In the broader market context, while the Sensex has shown a positive return of 1.59% over the past week, Ola Electric's performance has been notably poor, with a year-over-year return of -45.31%, significantly underperforming the market. This stark contrast highlights the company's struggles, as it has not only failed to keep pace with the market but has also seen its profits decline by 43% over the past year. The overall market sentiment appears to be more favorable, which further emphasizes the challenges faced by Ola Electric in attracting and retaining investor interest amidst its ongoing financial difficulties.