Why is Salasar Techno falling/rising?

As of 16-Sep, Salasar Techno Engineering Ltd's stock price is currently at 9.53, reflecting an increase of 0.47 or 5.19%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 5.77%. However, despite this short-term gain, the stock has underperformed in the longer term, with a year-to-date decline of 32.89% and a significant drop of 58.15% over the past year. The company has experienced a decrease in investor participation, as indicated by an 85.18% drop in delivery volume compared to the 5-day average, which may suggest waning interest among investors. Additionally, while the stock has healthy long-term growth potential with a net sales growth rate of 27.59%, it has also faced negative results in recent quarters, including a 41% decline in profits and a reduction in promoter confidence, as promoters have decreased their stake by 2.03%.
In the broader market context, the stock's performance has been notably weaker than the benchmark, with a 1-year return of -58.15% compared to the BSE500's decline of only -2.93%. Although the stock has outperformed its sector by 5.02% today, the overall trend indicates that it has struggled significantly in the past year. The stock's current price is above its short-term moving averages but remains below its 200-day moving average, indicating mixed signals about its long-term viability. The attractive valuation metrics, such as a low enterprise value to capital employed ratio, may not be sufficient to offset the negative sentiment stemming from recent financial performance and reduced promoter confidence.