Why is Wardwizard Inno. falling/rising?

As of 30-Jun, Wardwizard Innovations & Mobility Ltd is experiencing a decline in its stock price, currently at 15.01, which represents a decrease of 0.52 or 3.35%. The stock has been underperforming, having fallen consecutively for the last two days with a total return of -7.86% during this period. Additionally, it is trading below all key moving averages, indicating a bearish trend. Over the past year, the stock has generated a staggering return of -72.28%, significantly underperforming against the benchmark, the BSE 500, which has shown a positive return of 5.79%. While there are some positive indicators such as a healthy long-term growth in net sales and operating profit, the stock's profits have fallen by 52%, and the debt-equity ratio is at its highest, which raises concerns.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a one-week return of +4.67% compared to the Sensex's +2.09%. This consistent underperformance over the last three years, coupled with a high percentage of pledged promoter shares, adds downward pressure on the stock price, especially in a falling market. The increase in pledged shares by 17.9% over the last quarter further exacerbates investor concerns. Overall, while there are some attractive valuation metrics, the negative factors, including high debt levels and significant recent losses, contribute to the stock's current downward trajectory.