Why is Salzer Electron. falling/rising?

As of 14-Oct, Salzer Electronics Ltd is experiencing a decline in its stock price, currently at Rs 846.10, which reflects a decrease of Rs 32.2 or 3.67%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 7.66% during this period. Additionally, the stock's performance today has underperformed its sector by 2.95%. Over the past week, while the stock has shown a return of 10.56%, it has significantly underperformed the benchmark Sensex, which only increased by 0.13%. The stock's year-to-date performance is notably poor, with a decline of 39.30%, despite a 37.7% increase in profits over the same period, indicating a disconnect between stock performance and company fundamentals. The company's high debt-equity ratio and low domestic mutual fund holdings further contribute to investor concerns.
Broader Market Context: In the broader market context, Salzer Electronics has underperformed relative to the BSE500 index, which recorded a negative return of 2.66% over the past year, while Salzer's stock fell by 23.66%. This significant underperformance may reflect broader market sentiment and investor caution, particularly given the company's high debt levels and the flat results reported in June. The stock's liquidity appears adequate for trading, but the substantial drop in delivery volume suggests a lack of investor confidence. Overall, the combination of declining stock performance, high debt, and minimal institutional interest indicates a challenging environment for Salzer Electronics, contributing to its recent price decline.