Why is Salasar Techno falling/rising?

As of 17-Sep, Salasar Techno Engineering Ltd's stock price is currently at 9.88, reflecting an increase of 0.35 or 3.67%. The stock has been performing well recently, with a consecutive gain over the last three days, resulting in a total return of 9.66% during this period. It has outperformed its sector by 3.17% today. However, despite these positive short-term movements, the stock has a significant year-to-date decline of 30.42% and a one-year decline of 55.23%. The company's net sales have shown healthy long-term growth at an annual rate of 27.59%, but its profits have fallen by 41% over the past year, contributing to a negative sentiment around the stock. Additionally, the reduction in promoter confidence, with a 2.03% decrease in their stake, raises concerns about the company's future prospects.
In the broader market context, Salasar Techno's recent performance stands out against the benchmark, as it has achieved a 7.27% return over the past week compared to the Sensex's 1.56%. However, the stock's long-term performance has been disappointing, underperforming the market significantly over the past year. While the stock is trading at a discount compared to its peers and has attractive valuations, the negative results reported in June, including a drop in profit before tax and return on capital employed, have overshadowed these positives. The falling investor participation, indicated by a 30.56% decrease in delivery volume, further suggests a lack of confidence among investors, which may hinder the stock's recovery in the near term.