Why is Salzer Electron. falling/rising?

As of 31-Jul, Salzer Electronics Ltd is experiencing a decline in its stock price, currently at Rs 821.10, which reflects a decrease of Rs 12.9 or 1.55%. The stock has underperformed its sector by 1.43% today, touching an intraday low of Rs 805.7, which is 4.85% away from its 52-week low of Rs 781.25. Over the past month, the stock has seen a significant decline of 9.48%, while its year-to-date performance shows a stark drop of 41.10%. Despite a 44.6% increase in profits over the past year, the stock has generated a negative return of 12.91%, indicating that the market may not be fully valuing the company's earnings potential. The company's high debt-equity ratio and flat quarterly results may also contribute to investor concerns, leading to the current price movement.
In the broader market context, Salzer Electronics' short-term performance has been slightly better than the benchmark Sensex, which has declined by 1.22% over the past week. However, the stock's year-to-date performance is significantly worse than the Sensex's positive return of 3.90%. The limited interest from domestic mutual funds, holding only 0.02% of the company, suggests a lack of confidence in the stock's valuation at current prices. This combination of underperformance relative to the market, high debt levels, and cautious investor sentiment likely explains the recent downward trend in Salzer Electronics' stock price.