Why is Wendt India falling/rising?

As of 24-Jul, Wendt India Ltd's stock price is currently at Rs 9,710.70, reflecting a decline of Rs 772.8 or 7.37%. The stock has underperformed its sector by 7.24% today and has experienced consecutive falls over the last two days, resulting in a total drop of 9.37%. The stock reached an intraday low of Rs 9,608, indicating significant volatility with an intraday fluctuation of 5.95%. Over the past week, the stock has seen a return of -11.21%, while it has performed better over the last month with a return of +15.51%. However, the year-to-date performance shows a substantial decline of -41.08%. The company's recent financial results have been disappointing, with a 61.7% drop in PAT and a 10.7% decrease in net sales compared to previous quarters, contributing to a perception of reduced confidence among investors.
In the broader market context, Wendt India's short-term performance has significantly lagged behind the benchmark Sensex, which has only declined by 0.09% over the same week. This underperformance is compounded by a decrease in promoter confidence, as they have reduced their stake in the company by 37.5%, signaling potential concerns about the company's future prospects. Despite some positive indicators such as high management efficiency and healthy long-term growth in operating profit, the overall sentiment remains negative due to the company's recent financial struggles and declining investor participation.