Why is Azad Engineering falling/rising?

As of 30-Jul, Azad Engineering Ltd is currently priced at 1,507.45, reflecting a slight increase of 0.55, or 0.04%. The stock has shown a positive movement recently, gaining 0.83% over the last two days. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a potential struggle in maintaining upward momentum. Despite a recent decline of 9.40% over the past month and a year-to-date drop of 12.47%, the company has demonstrated strong fundamentals, with a low debt-to-equity ratio and a significant annual growth rate in net sales of 32.60%. The company has also reported positive results for the last five consecutive quarters, which may contribute to investor confidence.
In the broader market context, Azad Engineering's performance has been relatively weak compared to the benchmark Sensex, which has gained 4.28% year-to-date. Over the past week, the stock has declined by 5.21%, while the Sensex fell by only 1.50%, highlighting underperformance in the short term. However, the rising investor participation, as evidenced by an increase in delivery volume, suggests some renewed interest in the stock. This could indicate that while the stock faces challenges, there are positive signals that may support a recovery in the future.