Why is Ola Electric falling/rising?

As of 11-Nov, Ola Electric Mobility Ltd's stock price is currently at Rs 42.90, reflecting a decline of Rs 1.56 or 3.51%. The stock has been on a downward trend, having underperformed its sector by 4.09% today and experiencing a consecutive fall for the last five days, resulting in a total drop of 16.13%. The stock is trading below all key moving averages, indicating persistent weakness. Additionally, the company has reported negative results for the last five consecutive quarters, with significant operating losses and a weak ability to service its debt. While institutional investors have increased their stake by 2.69%, the overall fundamentals remain weak, contributing to the stock's decline.
In the broader market context, Ola Electric's performance has been notably poor compared to the benchmark Sensex, which has gained 0.49% over the past week. The stock has experienced a staggering year-to-date decline of 49.97%, while the Sensex has risen by 7.34% during the same period. This stark contrast highlights the stock's underperformance, as it has generated negative returns of 42.29% over the past year, significantly lagging behind the market's overall positive performance. The combination of weak financial results and poor market sentiment has led to the stock's continued decline.