Why is Wardwizard Inno. falling/rising?

As of 30-Jul, Wardwizard Innovations & Mobility Ltd is experiencing a decline in its stock price, currently at Rs 12.59, reflecting a decrease of 0.05 or 0.4%. The stock has been on a downward trend, losing 8.5% over the last four days and is currently trading below all its moving averages, indicating weak momentum. Additionally, the stock is 4.61% away from its 52-week low and has shown significant underperformance, with a year-to-date return of -66.43% compared to a positive return of 4.28% for the benchmark Sensex. The company has also seen a drop in investor participation, with delivery volume decreasing by 31.49% against the five-day average. While there are positive factors such as a healthy long-term growth rate in net sales and attractive valuations, these are overshadowed by the stock's substantial losses and a high debt-equity ratio of 1.90 times, along with a significant proportion of pledged promoter shares.
In the broader market context, Wardwizard's short-term performance has been notably poor, with a one-week return of -7.70% compared to a decline of only 1.50% in the Sensex. This stark contrast highlights the stock's struggle relative to the market. The company's flat results and declining profits, alongside the increasing proportion of pledged shares, contribute to a negative sentiment among investors, further exacerbating its price decline. Overall, the combination of weak performance metrics, high debt levels, and falling investor confidence suggests that Wardwizard Innovations & Mobility Ltd is facing significant challenges that are impacting its stock price negatively.