Why is Wardwizard Inno. falling/rising?

As of 24-Jun, Wardwizard Innovations & Mobility Ltd is experiencing a price increase, currently at Rs. 14.82, reflecting a rise of 0.48 or 3.35%. Today's price summary indicates that the stock has outperformed its sector by 1.98% and has gained after four consecutive days of decline. However, it has recently hit a new 52-week low of Rs. 13.63. Despite this short-term gain, the stock has shown significant underperformance over longer periods, with a 77.02% decline over the past year and a 60.48% drop year-to-date. Factors contributing to this recent movement include a healthy long-term growth outlook, with net sales growing at an annual rate of 213.60%, but this is tempered by a substantial decline in profits of 52% over the same period. Additionally, the stock's valuation remains attractive compared to peers, although the high debt-equity ratio and the increasing proportion of pledged promoter shares raise concerns.
In the broader market context, the stock's short-term performance has been notably poor, with a 5.73% decline over the past week, contrasting sharply with the Sensex, which has gained 0.58% in the same timeframe. This consistent underperformance against the benchmark over the last three years, coupled with the significant drop in returns, suggests that investor sentiment remains cautious. The rising investor participation, indicated by a 127.5% increase in delivery volume, may provide some support, but the overall market conditions and the company's financial challenges continue to exert downward pressure on the stock price.