Why is Ola Electric falling/rising?

As of 15-Oct, Ola Electric Mobility Ltd's stock price is currently at Rs 52.58, reflecting an increase of Rs 2.5 or 4.99%. The stock opened with a gain of 2.64% today and reached an intraday high of Rs 52.58. In the past week, the stock has outperformed the sector by 5%, and there has been a notable increase in investor participation, with delivery volume rising by 8.87% against the 5-day average. However, despite this short-term positive movement, the stock has underperformed significantly over the longer term, with a year-to-date decline of 38.68% and a one-year drop of 41.26%. The company's fundamentals remain weak, as it has reported operating losses and negative results for the last four consecutive quarters, which raises concerns about its long-term viability.
In the broader market context, while the Sensex has shown a modest gain of 1.02% over the past week, Ola Electric's short-term performance has been more favorable, indicating a divergence from the broader market trend. However, the company's long-term outlook is troubling, with a poor EBIT to interest ratio and declining sales figures, which could deter long-term investors. The recent increase in institutional investor participation, which has risen by 1.51% over the previous quarter, may provide some support, but the overall weak fundamentals and substantial losses suggest that the stock remains risky compared to its historical valuations.