Why is Salasar Techno falling/rising?

As of 22-Sep, Salasar Techno Engineering Ltd is experiencing a decline in its stock price, currently at 9.70, reflecting a decrease of 0.26 or 2.61%. The stock has underperformed its sector by 2.05% today and has been on a downward trend for the last two days, with a total drop of 4.62% during this period. Although the stock has shown positive returns over the past week and month, with increases of 7.06% and 23.57% respectively, it has faced significant challenges over the past year, with a staggering decline of 55.15%. Factors contributing to this decline include a drop in profits by 41% and a decrease in promoter confidence, as they have reduced their stake in the company by 2.03%.
In the broader market context, while the Sensex has shown a modest gain of 0.46% over the past week, Salasar Techno's recent performance has been notably weaker, indicating a lack of investor confidence. The stock's year-to-date performance is also concerning, with a decline of 31.69% compared to the Sensex's gain of 5.15%. This underperformance is compounded by negative financial results, including a significant fall in profit before tax and return on capital employed, which further diminishes investor sentiment. Overall, the combination of poor financial results, reduced promoter confidence, and underperformance relative to the market has led to the stock's current downward trajectory.