Why is Wardwizard Inno. falling/rising?

As of 04-Aug, Wardwizard Innovations & Mobility Ltd is experiencing a price increase, with the current price at Rs 12.58, reflecting a rise of 0.27 or 2.19%. The stock has gained after six consecutive days of decline, although it remains lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite this uptick, the stock has shown a significant decline over the past year, with a return of -77.48%, and has underperformed against the BSE500 in both the short and long term. Additionally, while the company has demonstrated healthy long-term growth in net sales and operating profit, it has also faced challenges such as a high debt-equity ratio and a substantial proportion of pledged promoter shares, which could exert downward pressure on the stock.
In the broader market context, the Sensex has shown a slight increase of 0.16% over the past week, contrasting with Wardwizard's decline of -1.33% during the same period. This indicates that the stock's recent performance is lagging behind the benchmark. Furthermore, the automobile sector, which includes Wardwizard, has gained by 2.5%, suggesting that the stock's rise may be more reflective of a short-term trend reversal rather than a robust recovery. The falling investor participation, as indicated by a significant drop in delivery volume, also raises concerns about the stock's liquidity and overall market interest, which could impact its future performance.