Why is Wardwizard Inno. falling/rising?

As of 14-Jul, Wardwizard Innovations & Mobility Ltd is experiencing a decline in its stock price, currently at Rs. 13.58, which reflects a decrease of -0.31 or -2.23%. The stock has hit a new 52-week low of Rs. 13.4 today and has been on a downward trend, losing -9.95% over the last three days. It has underperformed its sector by -2.49% today and is trading below all key moving averages, indicating weak momentum. Over the past year, the stock has generated a staggering return of -76.21%, while its profits have fallen by -52%. Additionally, the company has a high debt-equity ratio of 1.90, and 30.35% of promoter shares are pledged, which adds further pressure on the stock price in a declining market.
In the broader market context, the stock's performance has been significantly worse than the benchmark, with a -7.24% return over the past week compared to the Sensex's -1.42%. This underperformance is compounded by the company's flat results and declining profitability, which have led to a negative sentiment among investors. Despite some positive long-term growth indicators, such as a 213.60% annual growth rate in net sales, the overall negative trends in stock performance and high levels of pledged shares are contributing to a lack of confidence in the stock, resulting in its current decline.