Why is Salzer Electron. falling/rising?

As of 24-Jul, Salzer Electronics Ltd is experiencing a decline in its stock price, currently at Rs. 830.85, which reflects a decrease of Rs. 11.7 or 1.39%. The stock has recently hit a new 52-week low of Rs. 815 and has underperformed its sector by 1.11%. Over the past week, the stock has fallen by 2.82%, and its year-to-date performance shows a significant decline of 40.40%. Despite a 44.6% increase in profits over the past year, the stock has generated a return of -8.50%, indicating that investor sentiment may be influenced by flat quarterly results and a high debt-equity ratio of 0.77. Additionally, the stock is trading below all key moving averages, which may signal bearish trends to investors.
In the broader market context, the Sensex has shown a slight decline of 0.09% over the past week, contrasting with Salzer Electronics' more pronounced drop. The stock's performance has been notably weaker compared to the benchmark, particularly in the short term, where it has lost 2.82% against the Sensex's minor decline. The low participation from domestic mutual funds, holding only 0.02% of the company, may reflect a lack of confidence in the stock's current valuation, further contributing to its downward pressure. Overall, while the company has attractive valuation metrics, the combination of poor recent performance, high debt levels, and weak investor sentiment appears to be driving the stock's decline.