Why is Wardwizard Inno. falling/rising?

As of 01-Aug, Wardwizard Innovations & Mobility Ltd is experiencing a decline in its stock price, currently at Rs 12.31, reflecting a decrease of Rs 0.07 or 0.57%. The stock has been underperforming significantly, with a consecutive fall over the last six days, resulting in a total decline of 10.54%. It is also trading below all its moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 2.44% away from Rs 12.01. The company's performance has been poor, with a staggering 78.28% drop in returns over the past year, while profits have decreased by 52%. The high debt-equity ratio of 1.90 and the fact that 30.35% of promoter shares are pledged further contribute to investor concerns, especially in a falling market.
In the broader market context, Wardwizard's short-term performance has been notably worse than the benchmark, with a 4.57% decline over the past week compared to a 1.06% drop in the Sensex. This underperformance is compounded by a significant decrease in investor participation, as evidenced by a 29.56% drop in delivery volume against the 5-day average. While the company has shown healthy long-term growth in net sales and operating profit, these positive factors are overshadowed by its recent financial struggles and poor stock performance relative to the market.