Why is Salasar Techno falling/rising?

As of 01-Aug, Salasar Techno Engineering Ltd's stock price is currently at Rs 7.12, reflecting a decrease of -0.02 (-0.28%). The stock has been underperforming recently, having fallen consecutively for the last two days with a total decline of -1.52%. It is trading close to its 52-week low, just 1.12% above Rs 7.04. Over the past week, the stock has decreased by -2.20%, and it has generated a staggering -60.47% return over the past year, significantly underperforming the benchmark Sensex, which has seen a slight increase of +3.15% year-to-date. The company's financial health is concerning, as indicated by a high Debt to EBITDA ratio of 2.87 times and a declining Return on Equity of 9.81%. Additionally, the promoters have reduced their stake by -2.03%, suggesting a lack of confidence in the company's future.
In the broader market context, Salasar Techno's performance has been notably weaker than the benchmark, particularly in the short term, where it has declined more than double the Sensex's -1.06% drop over the past week. The engineering sector, in which the company operates, has also faced challenges, with a sector-wide decline of -2.13%. The stock's liquidity is relatively low, with a significant drop in delivery volume, indicating reduced investor participation. Overall, the combination of poor financial results, declining promoter confidence, and underperformance relative to both the market and its sector contributes to the ongoing downward pressure on Salasar Techno's stock price.