Why is Azad India falling/rising?

As of 22-Jul, Azad India Mobility Ltd's stock price is currently at Rs 138.00, reflecting an increase of Rs 2.5 or 1.85%. The stock has shown a performance today that outperformed its sector by 1.8%, reaching an intraday high of Rs 140.8, which is a 3.91% increase. Despite this positive movement, the stock has underperformed over the past week and month, with returns of -2.75% and -2.30%, respectively. The stock has high institutional holdings at 65.74%, indicating strong investor confidence, but it also faces challenges such as negative EBITDA and a significant decline of -17.19% over the past year, suggesting that while there is some short-term upward movement, the long-term outlook remains concerning.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed significantly over the last year, where the BSE500 has generated returns of 0.99%. Although the stock has shown a year-to-date return of +5.50%, the overall trend indicates a struggle to maintain momentum compared to the market, which has only slightly outperformed it with a return of +5.18%. This disparity highlights the stock's volatility and the risks associated with its current valuation, which may be influencing investor sentiment and contributing to the mixed performance.