Why is Salzer Electron. falling/rising?

As of 23-Sep, Salzer Electronics Ltd is currently priced at 803.00, reflecting a decrease of 0.5, or 0.06%. The stock has been experiencing a downward trend, having fallen consecutively for the last two days with a total decline of 2.35%. It is also trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Over the past year, the stock has generated a return of -13.29%, while its profits have increased by 37.7%. Despite an attractive valuation with a PEG ratio of 0.6 and a relatively low enterprise value to capital employed ratio, the stock's high debt-equity ratio of 0.77 and flat results reported in June have raised concerns among investors, contributing to its recent price decline.
In the broader market context, Salzer Electronics Ltd has underperformed compared to the Sensex, with a 1-week return of -1.17% against the benchmark's -0.34%. Additionally, the stock has seen a significant year-to-date decline of 42.40%, while the Sensex has gained 5.07% over the same period. The low participation from domestic mutual funds, holding only 0.02% of the company, suggests a lack of confidence in the stock's current valuation, which may further pressure its price. Despite a recent increase in delivery volume, the overall market sentiment remains cautious, impacting the stock's ability to recover in the short term.