Why is Wardwizard Inno. falling/rising?

As of 11-Aug, Wardwizard Innovations & Mobility Ltd is experiencing a decline in its stock price, currently at Rs. 11.10, reflecting a decrease of Rs. 0.45 or 3.9%. The stock has hit a new 52-week low of Rs. 10.04 today and has been on a downward trend, losing 11.76% over the past week and 20.09% over the past month. Additionally, the stock has underperformed its sector by 4.14% today and has been trading below its moving averages across various timeframes. The company has also seen a significant drop in investor participation, with delivery volume falling by 37.62% compared to the five-day average. Despite healthy long-term growth in net sales and operating profit, the stock's performance has been adversely affected by a 79.95% decline in returns over the past year and a 63% drop in profits, leading to a perception of weak financial health.
In the broader market context, the Sensex has only declined by 0.51% over the past week, indicating that Wardwizard's short-term performance is significantly worse than the benchmark. The stock's long-term underperformance is further highlighted by its returns over three years, where it has dropped 81.44%, compared to a 35.85% increase in the Sensex. The company's financial struggles, including negative results in the latest quarter and an increase in pledged promoter shares, contribute to the downward pressure on the stock price, making it a strong sell in the current market environment.