Why is Salasar Techno falling/rising?

As of 11-Sep, Salasar Techno Engineering Ltd's stock price is currently at 9.05, reflecting a decrease of 0.16, or 1.74%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 12.9% during this period. Despite a strong performance over the past week and month, with returns of 14.41% and 29.29% respectively, the stock's year-to-date performance remains poor at -36.27%. Additionally, while the company has shown healthy long-term growth with net sales increasing at an annual rate of 27.59%, it has also experienced significant profit declines, with a 41% drop in profits over the past year. The reduction in promoter confidence, as evidenced by a 2.03% decrease in their stake, further contributes to the stock's negative sentiment.
Broader market context indicates that while the BSE500 index has seen a slight decline of 2.29% over the past year, Salasar Techno's performance has been significantly worse, with a staggering drop of 58.94%. This stark contrast highlights the company's struggles relative to the broader market. The stock's current liquidity appears adequate, with a delivery volume increase of 41.55% against the 5-day average, but this has not translated into positive price movement. The stock is trading below its 200-day moving average, suggesting a bearish trend, despite being above shorter-term moving averages. Overall, the combination of declining profits, reduced promoter confidence, and substantial underperformance relative to the market are key factors contributing to the stock's recent decline.