Why is Salasar Techno falling/rising?

As of 02-Jul, Salasar Techno Engineering Ltd's stock price is currently at Rs. 7.18, reflecting a decline of -0.18 or -2.45%. The stock has recently hit a new 52-week low of Rs. 7.1 and has been on a downward trend, having fallen consecutively for the last two days with a total decline of -6.39%. Over the past week, the stock has underperformed significantly, with a return of -9.69%, while the Sensex has increased by +0.79%. The company's financial metrics indicate a concerning situation, as it has a high Debt to EBITDA ratio of 2.87 times, low profitability with an average Return on Equity of 9.81%, and a substantial drop in profits by -36.9% over the past year. Additionally, the promoters have reduced their stake by -2.45%, which may signal a lack of confidence in the company's future prospects.
In the broader market context, Salasar Techno's recent performance contrasts sharply with the benchmark, as the stock has underperformed the BSE500 over various time frames, including a staggering -62.89% return in the last year compared to the Sensex's +6.75% year-to-date return. This underperformance is compounded by the company's poor operating profit growth and negative quarterly results, which have further eroded investor confidence. Despite a rise in investor participation, as evidenced by a significant increase in delivery volume, the overall sentiment remains negative, leading to a continued decline in the stock price.