Why is Wardwizard Inno. falling/rising?

As of 09-Jul, Wardwizard Innovations & Mobility Ltd's stock price is currently at 15.08, reflecting an increase of 0.11 or 0.73%. The stock has shown a positive trend recently, gaining 3.01% over the last two days and outperforming its sector by 0.38%. However, despite this short-term gain, the stock has experienced significant declines over longer periods, with a year-to-date drop of 59.79% and a staggering 74.26% decrease over the past year. While the company has demonstrated healthy long-term growth in net sales and operating profit, the stock's performance has been negatively impacted by a high debt-equity ratio and a substantial proportion of pledged promoter shares, which can exert downward pressure on the stock price.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has outperformed the Sensex by 3.07% over the past week, while the benchmark has only increased by 0.15%. However, the stock has consistently underperformed against the benchmark over the last three years, which may contribute to investor caution. The significant decline in profits and the increase in pledged shares among promoters further complicate the stock's outlook, indicating that while there may be short-term gains, the long-term trajectory remains concerning amidst broader market conditions.