Why is Ola Electric falling/rising?

As of 06-Nov, Ola Electric Mobility Ltd's stock is currently priced at Rs 47.58, reflecting a decrease of Rs 2.48 or 4.95%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 6.98% during this period. Additionally, the stock's performance over the past week shows a decline of 6.72%, while it has dropped 9.54% over the past month. The company has reported negative results for the last five consecutive quarters, with a significant operating loss and a weak long-term fundamental strength, which has contributed to its poor performance. Although institutional investors have increased their stake by 2.69%, indicating some confidence, the overall financial health of the company remains concerning due to declining profits and negative EBITDA. In the broader market context, the stock has underperformed significantly compared to the benchmark, with the Sensex showing a decline of only 1.30% over the past week. This stark contrast highlights the challenges faced by Ola Electric, as it has not only lagged behind the market but also generated negative returns of 36.05% over the past year, while the broader market has seen a modest gain of 1.73%. The high volatility observed today, with an intraday volatility of 5.26%, further underscores the stock's instability, making it a risky investment in the current market environment.