Why is Azad India falling/rising?

As of 10-Jul, Azad India Mobility Ltd's stock price is currently at Rs 141.00, reflecting an increase of Rs 2.0 or 1.44%. The stock has shown a positive trend recently, gaining for three consecutive days with a total return of 2.55% during this period. It opened with a notable gain of 3.96% today and reached an intraday high of Rs 144.5. However, despite this short-term performance, the stock has underperformed over the last month and year, with returns of -7.24% and -8.94%, respectively. Additionally, the stock is trading at risky levels compared to its historical valuations, and its negative EBITDA indicates financial challenges. The significant drop in delivery volume by 82.85% against the 5-day average suggests declining investor participation, which could impact future price movements.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has outperformed the sector by 0.42% today, while the Sensex has shown a slight decline of 0.06% over the past week. However, over the longer term, the stock has lagged behind the market, generating negative returns compared to the BSE500's positive return of 1.46% in the past year. This underperformance, combined with the flat results reported in March and the overall decline in profits, contributes to a cautious outlook for Azad India Mobility Ltd, despite its recent gains.