Why is Salasar Techno falling/rising?

As of 12-Aug, Salasar Techno Engineering Ltd's stock price is currently at Rs 7.09, reflecting an increase of 0.09 or 1.29%. The stock has shown a positive performance today, outperforming its sector by 1.94% and has gained for the last two consecutive days, accumulating a total return of 1.43% during this period. However, despite this recent uptick, the stock has experienced significant declines over the past year, with a return of -59.18%, and its profits have decreased by -36.9%. The company's high Debt to EBITDA ratio of 2.87 times indicates a low ability to service debt, and the reduction in promoter stake by -2.03% may reflect decreasing confidence in the company's future prospects.
In the broader market context, the stock's short-term return of +0.28% over the past week contrasts with the Sensex, which has declined by -0.59% during the same period. While Salasar Techno's recent performance shows some resilience, it remains under pressure from its long-term performance, which has been below par compared to the benchmark indices. The stock's year-to-date return of -50.07% further emphasizes its struggles relative to the Sensex, which has gained +2.68% in the same timeframe. Overall, while there are some positive movements in the short term, the long-term outlook remains challenging for Salasar Techno Engineering Ltd.