Why is Salasar Techno falling/rising?

As of 11-Aug, Salasar Techno Engineering Ltd's stock price is currently at Rs. 7.00, reflecting a slight increase of 0.01 (0.14%). The stock has recently experienced a trend reversal, gaining after seven consecutive days of decline. However, it has hit a new 52-week low of Rs. 6.90 today. Over the past week, the stock has underperformed with a return of -1.55%, and it has significantly declined by -11.50% over the past month. The company's financial metrics indicate a high Debt to EBITDA ratio of 2.87 times, low profitability with a Return on Equity of 9.81%, and a substantial drop in profits over the past year, which has contributed to a -60.16% return in the last year. Additionally, the promoters have reduced their stake by -2.03%, signaling a lack of confidence in the company's future.
In the broader market context, the Sensex has shown a slight decline of -0.51% over the past week, which indicates that while Salasar Techno is also falling, it has underperformed the benchmark. The stock's liquidity remains adequate for trading, but the delivery volume has decreased by -23.53% against the five-day average, suggesting reduced investor interest. Despite the stock trading at a discount compared to its peers, the overall negative sentiment stemming from poor financial performance and declining promoter confidence has overshadowed any potential for recovery in the short term.