Why is Salasar Techno falling/rising?

As of 25-Jul, Salasar Techno Engineering Ltd's stock price is currently at Rs 7.28, reflecting a decrease of Rs 0.1 or 1.36%. The stock has been on a downward trend, having fallen consecutively for the last five days, resulting in a total decline of 6.79% over the past week. It is also trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock is close to its 52-week low, just 3.3% away from Rs 7.04. Over the past year, Salasar Techno has generated a return of -59.40%, with profits declining by 36.9%. The company's high Debt to EBITDA ratio of 2.87 times indicates a low ability to service its debt, contributing to negative sentiment among investors. Additionally, the promoters have reduced their stake by 2.45%, which may signal a lack of confidence in the company's future.
In the broader market context, the stock's performance has significantly lagged behind the benchmark, with a 1-year return of -59.40% compared to the Sensex's increase of 1.78%. The engineering sector, in which Salasar Techno operates, has also experienced a decline of 2.25%. The stock's recent performance is further compounded by a drop in investor participation, as evidenced by a 17.24% decrease in delivery volume compared to the 5-day average. Overall, the combination of poor financial results, reduced promoter confidence, and underperformance relative to both the sector and the broader market contributes to the stock's downward trajectory.