Why is Azad India falling/rising?

As of 17-Jul, Azad India Mobility Ltd's stock price is currently at 138.05, reflecting a decrease of 0.95, or 0.68%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 2.71% during this period. Over the past week, the stock has decreased by 2.09%, and its performance over the last month shows a significant drop of 7.97%. Despite a year-to-date increase of 5.54%, the stock has underperformed the market over the past year, with a notable decline of 24.38%. The stock is currently trading below several moving averages, indicating a bearish trend, although rising investor participation is noted with a significant increase in delivery volume. High institutional holdings at 65.74% suggest that more informed investors are involved, but the stock's negative EBITDA and flat results in March raise concerns about its financial health.
In the broader market context, the stock's recent performance contrasts with the benchmark, as the Sensex has only declined by 1.12% over the past week and has shown a positive return of 0.83% over the last month. This indicates that while the market has been relatively stable, Azad India Mobility Ltd has struggled significantly. The stock's underperformance is further highlighted by its negative returns compared to the BSE500, which has generated a slight positive return of 0.26% over the past year. This disparity suggests that investor sentiment towards Azad India Mobility Ltd is cautious, influenced by its recent financial results and overall market conditions.