Why is Wardwizard Inno. falling/rising?

As of 22-Aug, Wardwizard Innovations & Mobility Ltd is experiencing a decline in its stock price, currently at 13.70, down by 0.82 or 5.65%. The stock has underperformed its sector by 5.22% today and has fallen after two consecutive days of gains. While the stock has shown a positive return of 31.35% over the past week, it has a significant negative return of 75.07% over the past year. The company has faced challenges, including a 63% drop in profits and a substantial increase in raw material costs, which have contributed to its recent price movement. Additionally, 30.35% of promoter shares are pledged, which can exert further downward pressure on the stock in a declining market.
In the broader market context, the Sensex has only increased by 0.88% over the past week, indicating that the stock's short-term performance is significantly better than the benchmark. However, over the longer term, Wardwizard has consistently underperformed against the benchmark, with a 78.56% decline over the past three years compared to a 38.34% gain in the Sensex. This consistent underperformance, coupled with the negative financial results and the high proportion of pledged shares, suggests a challenging environment for the stock, contributing to its current decline.