Why is Salasar Techno falling/rising?

As of 19-Sep, Salasar Techno Engineering Ltd is currently priced at 9.96, reflecting a decrease of 0.21, or 2.06%. The stock has recently underperformed its sector by 2% and has experienced a trend reversal, falling after four consecutive days of gains. Despite this decline, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating some underlying strength. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 19.05% compared to the 5-day average. However, the stock's performance over the past year has been poor, with a return of -52.55%, while profits have fallen by 41%. This decline in profitability, coupled with a significant drop in promoter confidence—evidenced by a 2.03% reduction in their stake—has contributed to the stock's recent downward movement.
In the broader market context, Salasar Techno's short-term performance has been strong, with a 10.54% increase over the past week, compared to a modest 0.88% gain in the Sensex. However, the stock's year-to-date performance remains concerning, with a decline of 29.86% against a 5.74% increase in the benchmark. This stark contrast highlights the stock's struggle to keep pace with the market, despite its recent gains. The overall negative sentiment surrounding the stock, driven by disappointing financial results and reduced promoter confidence, suggests that investors remain cautious about its future prospects, which may be influencing the current price decline.