Why is Salasar Techno falling/rising?

As of 18-Aug, Salasar Techno Engineering Ltd is experiencing a decline in its stock price, currently at Rs 6.99, reflecting a decrease of -0.01 or -0.14%. The stock has been underperforming, with a consecutive fall over the last two days resulting in a total decline of -1.55%. It is trading close to its 52-week low, just 1.43% above Rs 6.89. The stock's performance over the past month shows a significant drop of -10.50%, while it has generated a staggering -59.00% return over the past year. This poor performance is compounded by negative financial results, including a -23.28% fall in profit before tax and a -41% decline in profits over the past year. Additionally, promoter confidence appears to be waning, as they have reduced their stake by -2.03%, which may signal concerns about the company's future prospects.
In the broader market context, the stock's short-term performance contrasts sharply with the benchmark index, the Sensex, which has gained +0.83% over the past week. This underperformance is indicative of broader issues within the company, as it has consistently lagged behind the BSE500 over various time frames, including the last three years and one year. While the company has shown healthy long-term growth in net sales at an annual rate of 27.59%, the recent financial results and declining investor participation suggest that the market sentiment remains negative, further contributing to the stock's downward trajectory.