Why is Wardwizard Inno. falling/rising?

As of 02-Jul, Wardwizard Innovations & Mobility Ltd's stock price is currently at 14.61, reflecting a decrease of 0.11, or 0.75%. The stock has been on a downward trend, having underperformed its sector by 0.68% today and experiencing a consecutive fall over the last four days, resulting in a total decline of 10.31%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite showing healthy long-term growth with net sales increasing at an annual rate of 213.60% and operating profit at 100.30%, the stock has faced significant challenges, including a 75.38% decline in returns over the past year and a 52% drop in profits. The high debt-equity ratio of 1.90 and the increase in pledged promoter shares by 17.9% over the last quarter further contribute to negative sentiment around the stock.
In the broader market context, Wardwizard's performance has been notably poor compared to the benchmark, with a 1-week return of -6.11% against a positive return of 0.79% for the Sensex. Over the past year, while the stock has plummeted by 75.38%, the benchmark has only increased by 5.00%. This consistent underperformance against the benchmark over the last three years, coupled with falling investor participation and liquidity issues, suggests a lack of confidence among investors, which is likely contributing to the stock's decline.