Why is Azad India falling/rising?

As of 15-Jul, Azad India Mobility Ltd is experiencing a price increase, currently at Rs 141.90, reflecting a rise of 3.4 or 2.45%. The stock has shown a positive trend today, having gained after two consecutive days of decline. It opened with a significant gain of 3.97% and reached an intraday high of Rs 144. The stock has outperformed its sector by 1.69% today, and there has been a notable increase in investor participation, with delivery volume rising by 90.5% compared to the 5-day average. However, it is important to note that the stock has underperformed over the past year, with a return of -18.40%, and has been trading at risky levels compared to its historical valuations.
In the broader market context, the stock's short-term performance of +2.42% over the past week contrasts sharply with the Sensex, which has declined by 1.36% during the same period. While the stock has shown some recovery today, it has still underperformed the market significantly over the last year, where the benchmark has returned 0.37%. This underperformance, coupled with flat results in March and negative EBITDA, indicates ongoing risks associated with the stock, despite today's positive movement.