Why is Azad India falling/rising?

As of 25-Aug, Azad India Mobility Ltd is experiencing a decline in its stock price, currently at 134.00, which reflects a decrease of 0.9 or 0.67%. The stock has underperformed its sector by 1.49% today and has fallen after two consecutive days of gains. It is trading below all its moving averages, indicating a bearish trend. Additionally, the stock has shown a significant decline over the past year, with a return of -16.90%, compared to a modest gain of 0.68% for the Sensex. While there has been a positive development with promoters increasing their stake by 5.3%, signaling confidence in the company's future, the overall performance remains concerning due to flat results and negative EBITDA.
In the broader market context, the stock's performance over the past week and month has been negative, with a return of -0.74%, while the Sensex has gained 0.45% and 0.21%, respectively. This underperformance highlights the stock's struggle relative to the market. The decline in investor participation, evidenced by a 56.88% drop in delivery volume, further exacerbates the situation, suggesting waning interest among investors. Despite the promoters' increased stake, the stock's overall risk profile and negative returns over the past year indicate a challenging environment for Azad India Mobility Ltd.