Why is Wendt India falling/rising?

As of 18-Sep, Wendt India Ltd's stock price is currently at 9,646.00, reflecting a decrease of 20.0 points or 0.21%. The stock has been underperforming recently, with a consecutive decline over the last two days, resulting in a total drop of 0.79%. Despite outperforming its sector by 1.17% today, the stock has shown negative returns over the past week and month, with declines of 0.58% and 3.02%, respectively. The company's recent financial performance has raised concerns, particularly following a significant drop in PAT and net sales in the last quarter, alongside a decrease in promoter confidence as they reduced their stake by 37.5%. Although the company maintains a healthy ROE and low debt levels, the overall sentiment appears to be negative due to these recent developments.
Broader market context indicates that while Wendt India has struggled, the benchmark Sensex has gained 1.80% over the past week and 2.14% over the past month, highlighting a stark contrast in performance. The stock's year-to-date decline of 41.48% and a one-year drop of 35.22% further emphasize its underperformance compared to the broader market, which has only seen a slight increase of 6.24% during the same period. This disparity in performance suggests that investor sentiment towards Wendt India is currently unfavorable, especially in light of its recent financial results and reduced promoter confidence.