Why is Salasar Techno falling/rising?

As of 01-Jul, Salasar Techno Engineering Ltd is experiencing a decline in its stock price, currently at Rs. 7.36, which reflects a decrease of -0.31 or -4.04%. The stock has recently hit a new 52-week low of Rs. 7.3 and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has underperformed the sector by -3.09%, and its performance has been notably poor over the last year, with a return of -60.13%. Despite a rise in investor participation, as indicated by a significant increase in delivery volume, the company's fundamentals are concerning. The stock's high Debt to EBITDA ratio of 2.87 times and a low Return on Equity of 9.81% suggest challenges in servicing debt and generating profitability. Additionally, the promoters' reduced stake in the company may indicate waning confidence in its future prospects.
In the broader market context, the stock's performance has been significantly weaker than the benchmark, with a 1-week return of -7.19% compared to the Sensex's gain of +2.00%. This trend continues over the past month and year, where Salasar Techno's returns of -18.04% and -60.13% starkly contrast with the Sensex's positive returns of +2.76% and +7.11%, respectively. The overall market appears to be performing well, while Salasar Techno's persistent underperformance raises concerns about its long-term growth potential and investor sentiment.