Why is Wendt India falling/rising?

As of 23-Jul, Wendt India Ltd's stock price is currently at Rs 10,483.50, reflecting a decline of Rs 231.5 or 2.16%. The stock has underperformed its sector today by 1.55%, touching an intraday low of Rs 10,480.3. Over the past week, the stock has decreased by 7.53%, while it has shown a significant increase of 26.21% over the past month. However, year-to-date, the stock has fallen by 36.39%. The company's recent financial performance has raised concerns, with a 61.7% drop in PAT for the June quarter and a 10.7% decline in net sales compared to previous quarters. Additionally, a decrease in promoter stake by 37.5% signals reduced confidence in the company's future, contributing to the stock's downward movement.
In the broader market context, the Sensex has shown a slight increase of 0.11% over the past week, contrasting with Wendt India's significant decline. This underperformance is evident as the stock has generated a return of -27.56% over the past year, while the benchmark has increased by 2.86% during the same period. Despite the company's high management efficiency and healthy long-term growth in operating profit, the negative financial results and reduced promoter confidence have overshadowed these positives, leading to a bearish sentiment around the stock.