Why is Wendt India falling/rising?

As of 25-Jul, Wendt India Ltd's stock price is currently at Rs 9,647.00, reflecting a decrease of Rs 63.7 or 0.66%. The stock has been on a downward trend, having fallen for the last three days with a total decline of 9.97%. Despite touching an intraday high of Rs 9,979.95 earlier in the day, the stock's performance over the past week shows a significant drop of 14.25%, while it has outperformed its sector by 3.69% today. The company's recent financial results have raised concerns, with a reported PAT decline of 61.7% and a decrease in net sales by 10.7% compared to previous quarters. Additionally, a reduction in promoter stake by 37.5% indicates a lack of confidence in the company's future prospects, contributing to the stock's negative sentiment.
In the broader market context, Wendt India's short-term performance has been notably poor compared to the benchmark Sensex, which has only declined by 0.36% over the same period. While the stock has shown some resilience over the longer term with a 275.96% increase over five years, its year-to-date performance is concerning, with a drop of 41.47% against the Sensex's gain of 4.25%. The overall market sentiment in the abrasives sector is also negative, as it has fallen by 4.36%, further impacting Wendt India's stock price.