Why is Salasar Techno falling/rising?

As of 30-Oct, Salasar Techno Engineering Ltd is experiencing a price increase, currently at 10.79, reflecting a rise of 0.92 or 9.32%. The stock has shown strong performance recently, gaining 14.79% over the last four days and outperforming its sector by 8.77% today. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Despite a year-to-date decline of 24.01% and a significant drop of 38.62% over the past year, the company has demonstrated healthy long-term growth with net sales increasing at an annual rate of 27.59%. However, the stock's profitability has decreased, with profits falling by 41% over the same period, and promoter confidence appears to be waning as they have reduced their stake by 0.88%.
In the broader market context, while the Sensex has shown a slight decline of 0.18% over the past week, Salasar Techno has outperformed this benchmark with a return of 12.87%. This contrast highlights the stock's relative strength in a challenging market environment. Despite the positive short-term performance, the stock has underperformed significantly over the past year compared to the broader market, which has generated returns of 4.39%. The combination of recent gains and the stock trading at a discount to its peers may attract investor interest, although the ongoing decline in profits and reduced promoter confidence could pose risks to sustained growth.