Why is Wardwizard Inno. falling/rising?

As of 16-Jul, Wardwizard Innovations & Mobility Ltd is experiencing a decline in its stock price, currently at Rs. 12.67, which reflects a decrease of 0.39 or 2.99%. The stock has hit a new 52-week low of Rs. 12.01 today and has been on a downward trend, losing 15.98% over the past week. It has underperformed its sector by 3.11% today and has been trading below its moving averages across various time frames. Despite a significant increase in net sales and operating profit growth, the stock's performance has been hampered by a substantial decline in profits, which fell by 52% over the past year, contributing to a staggering 77.77% drop in returns over the last year.
In the broader market context, the Sensex has only declined by 1.08% over the past week, indicating that Wardwizard's performance is significantly worse than the market average. The stock's long-term performance has also been poor, underperforming the BSE500 over the last three years and one year. Additionally, the high debt-equity ratio of 1.90 times and the increasing proportion of pledged promoter shares add to the downward pressure on the stock price, especially in a falling market. Overall, the combination of poor recent performance, high debt levels, and declining profitability has led to a negative sentiment surrounding Wardwizard Innovations & Mobility Ltd.