Why is Selan Expl. Tech falling/rising?

As of 21-Jul, Selan Explorations Technology Ltd is experiencing a price increase, with the current price at 659.10, reflecting a change of 6.55 (1.0%) upwards. Today's performance indicates that the stock has outperformed its sector by 3.27%. However, despite this positive movement, the stock has shown a decline of 6.10% over the past month and a significant drop of 19.96% year-to-date. The company has reported strong financials, including a 30.04% growth in net profit and positive results for the last five consecutive quarters, which may contribute to the recent uptick in price. However, the stock's valuation appears expensive with a Price to Book Value of 2.1, and domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its current price. In the broader market context, the stock's short-term performance has been slightly better than the benchmark Sensex, which has declined by 0.06% over the past week compared to Selan's marginal drop of 0.11%. While the oil exploration and refinery sector has seen a downturn of 2.28%, Selan's ability to outperform its sector today may indicate some investor interest despite the overall negative sentiment. The stock's liquidity remains adequate for trading, but the falling investor participation, as evidenced by a 9.6% decrease in delivery volume, could pose challenges for sustained price increases moving forward.