Why is Wardwizard Inno. falling/rising?

As of 20-Aug, Wardwizard Innovations & Mobility Ltd is experiencing a significant rise in its stock price, currently at Rs 12.44, reflecting an increase of Rs 2.07 or 19.96%. Today's price summary indicates that the stock has outperformed its sector by 19.93% and reached an intraday high of Rs 12.44. However, despite this positive movement, the stock has shown a negative performance over the past month, down 11.96%, and a substantial decline of 66.83% year-to-date. While the company has demonstrated healthy long-term growth with net sales increasing at an annual rate of 139.58%, it has also faced challenges, including a significant drop in profits by 63% over the past year and a concerning 77.48% decline in stock returns over the last year.
In the broader market context, the stock's recent rise contrasts sharply with its long-term performance, as it has consistently underperformed against the benchmark, generating a return of -77.48% compared to the Sensex's 1.31% over the past year. The stock's short-term performance of +19.62% over the past week is notable, especially when compared to the Sensex's modest gain of 1.64% in the same period. However, the high volatility observed today, along with a decrease in investor participation and an increase in pledged promoter shares, suggests that while the stock is currently rising, underlying issues may continue to exert downward pressure in the longer term.