Why is Azad India falling/rising?

As of 11-Aug, Azad India Mobility Ltd's stock price is currently at Rs 133.90, reflecting an increase of Rs 1.9 or 1.44%. The stock has shown a trend reversal today, gaining after two consecutive days of decline. It outperformed its sector by 3.22% and reached an intraday high of Rs 136.9, which is a 3.71% increase. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term bearish trend. Despite a year-to-date return of +2.37%, the stock has underperformed over the past month and year, with declines of -4.90% and -13.05%, respectively. High institutional holdings at 65.74% suggest that knowledgeable investors are involved, but the stock's negative EBITDA and flat results in June raise concerns about its financial health.
In the broader market context, Azad India Mobility Ltd has slightly outperformed the Sensex in the short term, with a 1-week return of -0.48% compared to the Sensex's -0.51%. However, over the past year, the stock has significantly underperformed the market, which saw a decline of only -1.85%. This stark contrast highlights the stock's struggles despite some positive movements today, as it continues to grapple with negative returns and a risky valuation compared to historical averages.