Why is Azad India falling/rising?

As of 01-Jul, Azad India Mobility Ltd's stock price is currently at 138.75, reflecting a decrease of 1.65, or 1.18%. The stock has been on a downward trend, having underperformed its sector by 1.94% today and experiencing a consecutive fall over the last four days, resulting in a total decline of 3.85%. It opened with a loss of 3.13% and reached an intraday low of Rs 136. Over the past year, the stock has generated a return of -18.84%, significantly underperforming the market, which has seen a return of 3.20%. The company is also facing challenges, including negative EBITDA and a flat performance in its latest results, which contribute to its perception as a risky investment.
In the broader market context, the stock's short-term performance has been notably poor compared to the benchmark, as it has declined by 2.97% over the past week while the Sensex has gained 2.00%. This stark contrast highlights the stock's struggles in a generally positive market environment. Additionally, the falling investor participation, with a significant drop in delivery volume, suggests a lack of confidence among investors, further exacerbating the stock's decline. Overall, the combination of negative financial indicators and poor market performance has led to the stock's current downward trajectory.