Why is Azad India falling/rising?

As of 02-Sep, Azad India Mobility Ltd's stock is currently priced at 132.00, reflecting an increase of 2.0 or 1.54%. The stock has shown a mixed performance recently, with a day’s high of Rs 134.05, indicating a rise of 3.12% during intraday trading. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Despite this, there has been a notable increase in investor participation, with delivery volume rising by 171.48% against the 5-day average. The company has also seen a positive development with promoters increasing their stake by 5.3%, indicating confidence in the company's future, although the stock has underperformed significantly over the past year with a return of -22.76%.
In the broader market context, Azad India's short-term performance has been less favorable compared to the benchmark, as it has declined by 1.46% over the past week while the Sensex fell by only 0.78%. The stock's year-to-date return of +0.92% contrasts with the Sensex's +2.58%, further highlighting its underperformance. Additionally, the stock's negative EBITDA and flat results in June raise concerns about its financial health, contributing to its classification as a risky investment. Overall, while there are some positive indicators such as rising promoter confidence and increased trading volume, the stock's historical performance and current trading position suggest ongoing challenges.