Why is Azad India falling/rising?

As of 29-Jul, Azad India Mobility Ltd's stock price is currently at Rs 139.70, reflecting an increase of Rs 4.7, or 3.48%. The stock opened with a gain of 3.67% today and reached an intraday high of Rs 139.95. Over the past week, the stock has outperformed the sector by 2.18%, although it has shown a decline of 1.52% over the past month and a significant drop of 12.69% over the past year. The stock has high institutional holdings at 65.74%, indicating strong support from investors who are typically more adept at analyzing company fundamentals. However, the stock is also considered risky due to negative EBITDA and flat results reported in March 2025, which may contribute to its recent volatility.
In the broader market context, the stock's short-term performance has been relatively strong compared to the benchmark, as it gained 1.23% over the past week while the Sensex declined by 1.03%. Despite this short-term outperformance, the stock has underperformed the market over the last year, with a return of -12.69% compared to the BSE500's -2.26%. This disparity highlights the challenges Azad India Mobility Ltd faces in maintaining investor confidence, especially given its recent negative earnings and declining investor participation, as evidenced by a significant drop in delivery volume.