Why is Salasar Techno falling/rising?

As of 08-Sep, Salasar Techno Engineering Ltd's stock price is currently at Rs 9.37, reflecting an increase of 1.56, or 19.97%. The stock has shown strong performance today, outperforming its sector by 19.12% and reaching an intraday high of Rs 9.37. Over the past week, the stock has gained 25.77%, and in the last month, it has risen by 34.05%. However, despite this recent upward trend, the stock has experienced a significant decline of 51.65% over the past year, with profits falling by 41%. The company's healthy long-term growth, indicated by a net sales growth rate of 27.59% and a favorable valuation with a ROCE of 9.4, contrasts with the negative sentiment stemming from reduced promoter confidence and a decrease in their stake by 2.03%.
Broader market context shows that while the stock has performed well in the short term, it has underperformed the broader market over the past year, where the BSE500 index has only declined by 3.07%. The stock's recent rise is notable against this backdrop, particularly given its substantial gains over the last month and week. However, the falling investor participation, as evidenced by a 33.92% drop in delivery volume, raises concerns about sustained momentum. Overall, while the stock is currently experiencing a positive movement, its long-term performance and recent negative financial results suggest a complex outlook influenced by both positive growth indicators and significant challenges.