Why is Salasar Techno falling/rising?

As of 09-Sep, Salasar Techno Engineering Ltd's stock price is rising, currently at Rs 10.39, reflecting an increase of Rs 1.02 or 10.89%. The stock has shown significant short-term performance, with a 37.43% increase over the past week and a remarkable 48.64% rise over the past month. Today, the stock opened with a gain of 5.34% and has been gaining for the last two days, accumulating returns of 33.03%. Additionally, the stock is trading above all its moving averages, indicating positive momentum. However, despite these gains, the stock has underperformed over the past year with a decline of 50.41%, and the company's profits have fallen by 41%, which may weigh on investor sentiment. The reduction in promoter stake by 2.03% also suggests a lack of confidence in the company's future prospects.
In the broader market context, while the Sensex has only increased by 1.18% over the past week, Salasar Techno's performance significantly outpaces this benchmark, indicating strong investor interest in the short term. The stock's high volatility today, with an intraday fluctuation of 6.76%, reflects active trading and investor engagement. Despite the positive short-term returns, the long-term outlook remains cautious due to the substantial decline in profits and the overall negative performance over the past year compared to the broader market, which has only seen a slight decline of 0.56%. This combination of short-term gains against a backdrop of longer-term challenges creates a complex picture for investors.