Why is Wardwizard Inno. falling/rising?

As of 29-Sep, Wardwizard Innovations & Mobility Ltd is experiencing a decline in its stock price, currently at 12.22, which reflects a decrease of 0.64 or 4.98%. The stock has been underperforming significantly, having lost 12.46% over the last six days, and it is trading below all key moving averages. In terms of returns, the stock has seen a staggering decline of 74.94% over the past year, while its profits have also fallen by 63%. The company has reported poor management efficiency with a low Return on Capital Employed (ROCE) of 8.00%, and its operating profit has decreased by 54.06%. Additionally, 52.6% of promoter shares are pledged, which adds downward pressure on the stock in a falling market.
In the broader market context, the Sensex has only declined by 2.18% over the past week, indicating that Wardwizard's short-term performance is significantly worse than the benchmark. The stock's consistent underperformance against the benchmark over the last three years, coupled with a substantial drop in investor participation and liquidity issues, further exacerbates its negative outlook. While the company has shown healthy long-term growth in net sales and operating profit, these positives are overshadowed by the recent financial struggles and high levels of pledged shares, leading to a lack of investor confidence.