Why is Wardwizard Inno. falling/rising?

As of 17-Jul, Wardwizard Innovations & Mobility Ltd is experiencing a price increase, with its current price at 13.45, reflecting a change of 0.78 or 6.16% upward. Today's price summary indicates that the stock has outperformed its sector by 6.01% and has gained after five consecutive days of decline. However, it is important to note that the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite the recent uptick, the stock has shown a significant decline over the past year, with a return of -76.40%, while profits have decreased by 52%. The company's net sales have grown at an impressive annual rate of 213.60%, but the high debt-equity ratio of 1.90 times and the increase in pledged promoter shares by 17.9% over the last quarter may contribute to investor caution.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has declined by 7.31% over the past week while the Sensex has only fallen by 1.12%. This indicates that while the stock has shown a slight recovery today, it remains under pressure compared to the overall market. The long-term performance is also concerning, with the stock underperforming the BSE500 over the past three years, one year, and three months. The combination of high pledged shares, a significant drop in profits, and a poor long-term performance suggests that while there may be short-term gains, the overall outlook remains challenging for Wardwizard Innovations & Mobility Ltd.