Why is Salzer Electron. falling/rising?

As of 25-Jul, Salzer Electronics Ltd is experiencing a decline in its stock price, currently at Rs. 814.20, which represents a decrease of Rs. 16.65 or 2.0%. The stock has hit a new 52-week low of Rs. 802.3 today and has been on a consecutive downward trend for the last three days, resulting in a total drop of 4.6% during this period. Despite a significant increase in investor participation, with delivery volume rising by 98.92% against the 5-day average, the stock is trading below its moving averages across various time frames. Over the past year, the stock has generated a return of -9.20%, even as profits increased by 44.6%, indicating a disconnect between stock performance and underlying financial health. However, the company's high debt-equity ratio and flat quarterly results, including a 21.0% drop in PAT, may be contributing to investor concerns.
In the broader market context, Salzer Electronics Ltd's short-term performance has been significantly worse than the benchmark Sensex, which has only declined by 0.36% over the past week while Salzer's stock fell by 4.21%. This underperformance is further highlighted by the stock's year-to-date decline of 41.59% compared to the Sensex's gain of 4.25%. The low stake held by domestic mutual funds, at just 0.02%, suggests a lack of confidence in the stock's current valuation, which may be influencing its price movement negatively. Overall, the combination of poor recent financial results, high debt levels, and weak market sentiment appears to be driving the stock's decline.