Why is Salasar Techno falling/rising?

As of 28-Jul, Salasar Techno Engineering Ltd is experiencing a decline in its stock price, currently at Rs 7.21, reflecting a decrease of 0.07 or 0.96%. The stock has been on a downward trend, having fallen for six consecutive days, resulting in a total loss of 7.68% during this period. It is also trading close to its 52-week low, just 2.36% above Rs 7.04. Over the past year, the stock has generated a significant negative return of 59.65%, while its profits have decreased by 36.9%. Additionally, the company's high Debt to EBITDA ratio of 2.87 times indicates a low ability to service its debt, contributing to negative investor sentiment. Promoter confidence has also waned, with a 2.45% reduction in their stake, suggesting concerns about the company's future prospects.
In the broader market context, Salasar Techno's short-term performance has been notably worse than the benchmark, with a 6% decline over the past week compared to a 1.59% drop in the Sensex. While the stock has outperformed its sector by 0.51% today, the overall trend remains negative, with the stock underperforming the BSE500 over various time frames, including the last three years and one year. This underperformance, coupled with falling investor participation and liquidity issues, paints a concerning picture for the stock's future, reinforcing the reasons for its current decline.