Why is Wardwizard Inno. falling/rising?

As of 05-Jun, Wardwizard Innovations & Mobility Ltd is experiencing a decline in its stock price, currently at 16.00, which reflects a decrease of 0.73 or 4.36%. The stock has underperformed its sector by 3.87% today and has been on a downward trend, losing 5.33% over the last two days. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has generated a return of -68.85%, while its profits have fallen by 52%. The company also faces challenges such as a high debt-equity ratio of 1.90 times and a significant proportion of promoter shares (30.35%) being pledged, which adds downward pressure in a falling market.
In the broader market context, the stock's short-term performance of +0.63% over the past week contrasts with the Sensex, which has seen a slight decline of 0.23%. However, the stock's long-term performance has been notably poor, with a year-to-date decline of 57.33% compared to a 4.23% increase in the benchmark. This consistent underperformance against the BSE 500 over the last three years indicates a bearish trend, further exacerbated by technical indicators such as MACD and Bollinger Bands suggesting a deteriorating market position. The combination of these factors contributes to the stock's current downward trajectory.