Why is Salasar Techno falling/rising?

As of 12-Sep, Salasar Techno Engineering Ltd's stock price is currently at 9.01, reflecting a decrease of 0.04 or 0.44%. The stock has been underperforming, having fallen for three consecutive days, resulting in a total decline of 13.28% during this period. Despite a strong performance over the past week and month, with returns of 15.36% and 27.08% respectively, the stock has significantly underperformed the sector today by 1.35%. Additionally, there has been a notable drop in investor participation, with delivery volume decreasing by 26.26% compared to the five-day average. While the company shows healthy long-term growth potential with a 27.59% annual increase in net sales, recent financial results have been disappointing, with a 41% drop in profits over the past year and a negative return of 56.56% in the same timeframe.
Broader market context indicates that while the benchmark Sensex has shown a modest gain of 1.48% over the past week and 2.08% over the past month, Salasar Techno's performance has lagged behind, particularly in the last year where it has underperformed the market significantly. The company's declining promoter confidence, evidenced by a 2.03% reduction in their stake, further signals potential concerns about its future prospects. Overall, the combination of recent negative financial results, reduced investor participation, and declining promoter confidence contributes to the stock's downward movement despite its long-term growth potential.