Why is Wardwizard Inno. falling/rising?

As of 25-Jul, Wardwizard Innovations & Mobility Ltd is currently priced at 12.90, reflecting a decrease of 0.86, or 6.25%. The stock has underperformed its sector today by 4.67% and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 8.70%, and it has experienced a significant drop of 77.48% over the past year, indicating a troubling trend. Despite a healthy long-term growth rate in net sales and operating profit, the stock's profits have fallen by 52%, contributing to its negative performance. Additionally, the high debt-equity ratio of 1.90 times and the increase in pledged promoter shares, which now stand at 30.35%, add to the downward pressure on the stock.
In the broader market context, the Sensex has only declined by 0.36% over the past week, highlighting that Wardwizard's performance is significantly worse than the market average. The stock's year-to-date performance shows a staggering decline of 65.60%, while the Sensex has gained 4.25% in the same period. This stark contrast underscores the stock's underperformance relative to the benchmark, particularly in the long term, where it has lagged behind the BSE500 over the last three years, one year, and three months. The combination of poor returns, high debt levels, and increasing pledged shares suggests a challenging environment for Wardwizard Innovations & Mobility Ltd, leading to its current price decline.