Why is Wardwizard Inno. falling/rising?

As of 15-Jul, Wardwizard Innovations & Mobility Ltd's stock price is currently at Rs. 13.06, reflecting a decrease of Rs. 0.52 or 3.83%. The stock has recently hit a new 52-week low of Rs. 12.98 and has been on a downward trend, losing 13.4% over the past four days. It has underperformed its sector by 6.44% today and is trading below all key moving averages. Over the past year, the stock has generated a return of -77.16%, while its profits have fallen by 52%. Additionally, 30.35% of promoter shares are pledged, which adds downward pressure in a falling market, especially as the proportion of pledged holdings has increased by 17.9% over the last quarter.
In the broader market context, the Sensex has shown a relatively stable performance, gaining 1.79% over the past month, while Wardwizard's stock has declined by 17.96% in the same period. This stark contrast highlights the stock's significant underperformance compared to the benchmark. The automobile sector, where Wardwizard operates, has gained by 2.62%, further emphasizing the company's struggles. Despite some positive long-term growth indicators, such as a 213.60% annual growth rate in net sales, the overall sentiment remains negative due to flat results and high debt levels, contributing to the stock's decline.