Why is Salasar Techno falling/rising?

As of 14-Aug, Salasar Techno Engineering Ltd's stock price is currently at Rs. 7.00, reflecting a decrease of Rs. 0.1 or 1.41%. The stock has recently hit a new 52-week low of Rs. 6.89 and has shown a trend reversal after three consecutive days of gains. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, investor participation has declined, with delivery volume falling by 7.04% against the 5-day average. Over the past month, the stock has decreased by 9.33%, while its year-to-date performance shows a significant decline of 50.70%. The company's profitability has also been under pressure, with a 41% drop in profits over the past year, contributing to the negative sentiment surrounding the stock.
In the broader market context, the Sensex has shown a slight decline of 0.03% over the past week, while Salasar Techno's performance has been flat, indicating that the stock is not significantly outperforming the market. The company's high Debt to EBITDA ratio of 2.87 times raises concerns about its ability to service debt, further impacting investor confidence. Additionally, the reduction in promoter stake by 2.03% suggests a lack of confidence in the company's future prospects. Overall, the combination of poor financial results, declining investor participation, and negative sentiment in the market has led to the stock's downward movement.