Why is Wardwizard Inno. falling/rising?

As of 23-Jun, Wardwizard Innovations & Mobility Ltd is experiencing a decline in its stock price, currently at Rs. 14.34, which reflects a decrease of Rs. 0.74 or 4.91%. The stock has hit a new 52-week low of Rs. 14.33 today and has been on a downward trend, falling consecutively for the last four days with a total decline of 8.78% during this period. Additionally, the stock has underperformed significantly compared to the broader market, with a one-year return of -78.66% against a 6.07% gain in the Sensex. The company's financial health shows mixed signals, with net sales growing at an impressive annual rate of 213.60%, but profits have plummeted by 52%, contributing to negative investor sentiment.
In the broader market context, the stock's recent performance has been notably poor, particularly when compared to the Sensex, which has shown a slight increase of 0.12% over the past week. The stock's underperformance is exacerbated by a high debt-equity ratio of 1.90 times and a significant portion of promoter shares being pledged, which has increased by 17.9% in the last quarter. This situation tends to exert additional downward pressure on stock prices, especially in a falling market. Furthermore, the stock's trading below all major moving averages indicates a bearish trend, further discouraging investor confidence amidst a backdrop of declining returns and flat results in recent financial reports.