Why is Azad India falling/rising?

As of 24-Jul, Azad India Mobility Ltd's stock price is currently at Rs 140.90, reflecting an increase of Rs 2.9 or 2.1%. The stock has shown a positive performance today, outperforming its sector by 0.26%, and reached an intraday high of Rs 141.4. Over the past week, the stock has gained 2.06%, while it has seen a year-to-date increase of 7.72%. However, it has underperformed over the last month with a decline of 1.47% and a significant drop of 11.99% over the past year. The stock's liquidity appears adequate, with a delivery volume increase of 18.95% compared to the five-day average. Despite high institutional holdings at 65.74%, which typically indicates confidence in the stock, the company has reported flat results and negative EBITDA, contributing to its risky profile.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.09% over the past week and a modest gain of 5.18% year-to-date. While Azad India Mobility Ltd has outperformed the sector recently, its longer-term performance has been disappointing, particularly with a negative return of 11.99% over the past year compared to the market's positive return of 2.54%. This underperformance, coupled with the company's flat results and negative earnings, suggests that while there may be short-term gains, the overall sentiment remains cautious among investors.