Why is Wardwizard Inno. falling/rising?

As of 10-Jul, Wardwizard Innovations & Mobility Ltd is experiencing a decline in its stock price, currently at 14.51, reflecting a decrease of 0.57 or 3.78%. The stock has underperformed its sector by 3.13% today and has fallen after two consecutive days of gains. It is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has dropped by 2.16%, and its year-to-date performance shows a significant decline of 61.31%. Despite a healthy long-term growth rate in net sales and operating profit, the stock has faced challenges, including a 74.90% drop in returns over the past year, alongside a 52% reduction in profits. Additionally, the high debt-equity ratio and the increase in pledged promoter shares contribute to the stock's negative sentiment.
In the broader market context, the Sensex has shown a slight decline of only 0.06% over the past week, contrasting sharply with Wardwizard's more substantial drop. This consistent underperformance against the benchmark over the last three years, coupled with the stock's significant losses, highlights the challenges faced by Wardwizard Innovations. The falling investor participation, as evidenced by a decrease in delivery volume, further exacerbates the stock's downward pressure, suggesting a lack of confidence among investors in the current market environment.