Why is Wendt India falling/rising?

As of 30-Sep, Wendt India Ltd's stock price is currently at 8,781.55, reflecting a decrease of 124.35 points, or 1.4%. The stock has underperformed its sector by 3.21% today and is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has declined by 6.67%, and it has seen a significant drop of 11.30% over the past month. Despite a high management efficiency indicated by a return on equity (ROE) of 16.47% and a low debt-to-equity ratio, the company reported negative results in its latest quarter, with a 61.7% decline in profit after tax and a 10.7% drop in net sales compared to previous averages. Additionally, promoter confidence appears to be waning, as they have reduced their stake by 37.5%, which may further contribute to the stock's downward pressure.
In the broader market context, Wendt India's performance has been notably poor compared to the benchmark Sensex, which has gained 0.57% over the past month while Wendt has lost 11.30%. The stock has also underperformed the BSE500 over various timeframes, including the last three years and one year, where it has returned -39.21% compared to the benchmark's -4.78%. This underperformance, coupled with the recent negative financial results and reduced promoter confidence, suggests a challenging outlook for the stock, contributing to its current decline.