Why is Wardwizard Inno. falling/rising?

As of 31-Jul, Wardwizard Innovations & Mobility Ltd is experiencing a decline in its stock price, currently at Rs 12.38, which reflects a decrease of Rs 0.21 or 1.67%. The stock has been underperforming significantly, with a consecutive fall over the last five days resulting in a total return of -10.03%. It is also trading lower than all its moving averages, indicating a bearish trend. Furthermore, the stock is close to its 52-week low, just 2.99% away from Rs 12.01. Despite a healthy long-term growth in net sales and operating profit, the stock has generated a staggering -78.61% return over the past year, with profits falling by -52%. The high debt-equity ratio and the increase in pledged promoter shares add to the negative sentiment surrounding the stock.
In the broader market context, the Sensex has only declined by -1.22% over the past week, highlighting that Wardwizard's short-term performance is significantly worse than the benchmark. The stock's performance has also lagged behind the BSE500 over the last three years, one year, and three months, indicating a persistent underperformance. The falling investor participation, with a 54.61% drop in delivery volume, further suggests a lack of confidence among investors. Overall, the combination of poor recent performance, high debt levels, and increased pledged shares contributes to the downward pressure on Wardwizard's stock price.