Why is Wardwizard Inno. falling/rising?

As of 19-Aug, Wardwizard Innovations & Mobility Ltd is experiencing a decline in its stock price, currently at Rs 10.37, reflecting a decrease of Rs 0.06 or 0.58%. The stock has underperformed significantly, with a 1-week return of -2.54% and a staggering 1-year return of -81.45%. Today's performance indicates that it is trading below all key moving averages, and it is close to its 52-week low, just 3.38% away from Rs 10.02. Despite a rise in investor participation, with delivery volume increasing by 26.05%, the overall sentiment remains negative due to poor financial results, including a substantial drop in profits and a high percentage of pledged promoter shares, which adds downward pressure on the stock.
In the broader market context, the Sensex has shown a positive return of +1.76% over the past week, contrasting sharply with Wardwizard's performance. The stock's long-term underperformance is evident, as it has not only generated negative returns over the past year but has also lagged behind the BSE500 index over various time frames. The company's financial health is further compromised by a significant decline in profits and an increase in pledged shares, which can deter potential investors and contribute to the stock's downward trajectory in a falling market.