Why is Wardwizard Inno. falling/rising?

As of 18-Aug, Wardwizard Innovations & Mobility Ltd is currently priced at 10.43, showing no change (0.00%). The stock has underperformed significantly, with a 1-week return of -6.04% and a staggering 1-month return of -26.19%. It is trading close to its 52-week low, just 3.93% away from Rs 10.02. The stock is also trading below all its moving averages, indicating a bearish trend. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 26.01% against the 5-day average. Despite healthy long-term growth in net sales and operating profit, the stock's profits have decreased by 63% over the past year, contributing to its poor performance.
In the broader market context, the Sensex has gained 0.83% over the past week, contrasting sharply with Wardwizard's decline. The automobile sector, which includes Wardwizard, has seen a gain of 4.78%, further highlighting the company's underperformance. The stock has consistently underperformed against the benchmark over the last three years, generating a return of -80.71% in the last year alone. The increase in pledged promoter shares, now at 30.35%, adds further downward pressure in a falling market, indicating a lack of confidence among insiders. Overall, these factors suggest that Wardwizard Innovations & Mobility Ltd is facing significant challenges that are contributing to its declining stock price.