Why is Wardwizard Inno. falling/rising?

As of 23-Sep, Wardwizard Innovations & Mobility Ltd's stock price is currently at 13.19, reflecting a decrease of 0.52, or 3.79%. The stock has been underperforming, having lost 5.52% over the last two days and showing a negative return of 1.13% over the past month. Additionally, the stock has significantly underperformed against the benchmark, with a staggering decline of 72.41% over the past year. The company's financial health is concerning, as it has reported a drastic fall in operating profit of 54.06% and a low return on capital employed (ROCE) of 8.00%, indicating poor management efficiency. Furthermore, 52.6% of promoter shares are pledged, which adds downward pressure on the stock price, especially in a falling market.
In the broader market context, while the Sensex has shown a slight decline of 0.34% over the past week, Wardwizard's stock has managed a modest gain of 1.08% during the same period. However, this short-term performance does not mitigate the long-term underperformance, as the stock has consistently lagged behind the benchmark over the last three years. The company's liquidity appears adequate for trading, but the falling investor participation, evidenced by a 25.39% drop in delivery volume, suggests waning interest among investors. Overall, the combination of poor financial results, high pledged shares, and consistent underperformance against benchmarks contributes to the stock's current downward trajectory.