Why is Wendt India falling/rising?

As of 22-Jul, Wendt India Ltd's stock price is currently at Rs 10,715.00, reflecting an increase of 65.9 points or 0.62%. Today's performance indicates that the stock has outperformed its sector by 1.64%, reaching an intraday high of Rs 10,982.3, which is a 3.13% rise. Despite this positive movement, the stock has experienced a decline of 5.97% over the past week and a significant drop of 34.99% year-to-date. The company has shown high management efficiency with a return on equity (ROE) of 16.47% and a low debt-to-equity ratio, but it also faces challenges such as a 61.7% drop in profit after tax in the latest quarter and a decrease in promoter confidence, with a 37.5% reduction in their stake. These factors contribute to a mixed outlook for the stock.
In the broader market context, Wendt India has underperformed compared to the Sensex, which has gained 5.18% year-to-date, while Wendt's returns have been negative. Over the past three years, Wendt's stock has increased by 37.21%, but this is less than the Sensex's 46.57% rise, indicating a lag in performance relative to the benchmark. The stock's recent rise may be attributed to increased investor participation, as evidenced by a significant spike in delivery volume, but the overall negative financial results and declining promoter confidence suggest that the stock may face ongoing challenges despite today's uptick.