Why is Azad India falling/rising?

As of 18-Jul, Azad India Mobility Ltd's stock price is currently at 138.20, reflecting a slight increase of 0.15 (0.11%). The stock has shown a trend reversal, gaining after two consecutive days of decline. It has outperformed its sector by 0.52% today, with a notable increase in delivery volume, which rose by 25.92% compared to the 5-day average. However, the stock has underperformed over the past year, with a return of -20.35%, while the broader market has only seen a decline of -0.36%. Additionally, the stock is trading at a risky valuation due to negative EBITDA, and despite high institutional holdings at 65.74%, which typically indicate strong analytical support, the flat results reported on March 25 have raised concerns.
Broader Market Context: In the short term, Azad India Mobility Ltd has experienced a decline of 1.85% over the past week, while the Sensex has decreased by only 0.90%. This indicates that the stock is not only underperforming the broader market but also struggling to maintain investor confidence despite some positive movements today. The overall market context suggests that while there may be some short-term recovery, the long-term performance remains concerning, particularly given the significant drop in profits and the stock's historical valuation risks.