Why is Wardwizard Inno. falling/rising?

As of 20-Jun, Wardwizard Innovations & Mobility Ltd is experiencing a decline in its stock price, currently at Rs. 15.08, which represents a decrease of 0.31 or 2.01%. The stock has hit a new 52-week low of Rs. 14.99 today and has been underperforming its sector by 1.68%. Over the past three days, the stock has consecutively fallen, resulting in a total decline of 4.07%. Additionally, the stock has shown significant underperformance over various time frames, with a 1-year return of -77.47% and a year-to-date decline of -59.79%. While there has been a healthy long-term growth in net sales and operating profit, the stock's profits have decreased by 52% over the past year, contributing to its negative price movement.
In the broader market context, the stock's short-term performance is notably worse than the benchmark, with a 1-week return of -5.28% compared to the Sensex's gain of 1.59%. The stock's consistent underperformance against the benchmark over the last three years, coupled with a high debt-equity ratio of 1.90 and a significant proportion of pledged promoter shares (30.35%), adds to the downward pressure on its price. The increase in pledged holdings by 17.9% over the last quarter further exacerbates investor concerns, leading to a lack of confidence in the stock amidst a falling market.