Why is Salasar Techno falling/rising?

As of 10-Sep, Salasar Techno Engineering Ltd's stock price is currently at Rs 9.21, reflecting a decline of Rs 1.18 or 11.36%. Today's performance indicates that the stock has underperformed its sector by 12.52%, following a trend reversal after two consecutive days of gains. The stock reached an intraday low of Rs 8.69, showcasing significant volatility with an intraday fluctuation of 8.24%. Over the past week, the stock has shown a return of +17.32%, but it has significantly underperformed over the year with a return of -57.34%. The company's recent financial results have raised concerns, as profits have fallen by 41% over the past year, and promoter confidence appears to be waning with a 2.03% reduction in their stake.
In the broader market context, while the Sensex has generated a modest return of +1.06% over the past week and +4.21% year-to-date, Salasar Techno's performance has been starkly negative, particularly over the last year where it has underperformed the market significantly. The company's declining profits and reduced promoter stake contribute to a negative sentiment surrounding the stock, overshadowing its long-term growth potential indicated by a healthy net sales growth rate of 27.59%. This combination of factors suggests that while there may be some positive indicators, the overall outlook remains challenging for Salasar Techno Engineering Ltd.