Why is Salzer Electron. falling/rising?

As of 29-Sep, Salzer Electronics Ltd is experiencing a decline in its stock price, currently at Rs. 765.00, which reflects a decrease of Rs. 13.65 or 1.75%. The stock has underperformed today, opening with a loss of 2.62% and hitting a new 52-week low of Rs. 751.9. Over the past week, the stock has dropped by 4.79%, and year-to-date, it has seen a significant decline of 45.12%. Despite a 37.7% increase in profits over the past year, the stock has generated a negative return of 16.26%, indicating that investor sentiment may be influenced by the company's high debt-equity ratio of 0.77 and flat results reported in June.
In the broader market context, the Sensex has shown a slight decline of 2.18% over the past week, which is less severe than Salzer Electronics' performance. The stock's liquidity appears adequate for trading, but the falling investor participation, with a 21.47% drop in delivery volume, suggests waning interest. Additionally, the low stake held by domestic mutual funds, at only 0.02%, may indicate a lack of confidence in the stock's current valuation despite its attractive PEG ratio of 0.6. This combination of factors contributes to the stock's downward movement in a challenging market environment.