Why is Selan Expl. Tech falling/rising?

As of 22-Jul, Selan Explorations Technology Ltd's stock price is currently at Rs 656.70, reflecting a decrease of Rs 2.4 or 0.36%. The stock has shown a mixed performance today, having touched an intraday high of Rs 675, which is a 2.41% increase, while also reaching a low of Rs 645.35, a decline of 2.09%. Over the past week, the stock has slightly outperformed its sector by 0.32%. However, its year-to-date performance remains concerning, with a decline of 20.25%, despite the company reporting a significant net profit growth of 30.04% and positive results for the last five consecutive quarters. The stock's valuation appears expensive with a Price to Book Value of 2.1, and the lack of domestic mutual fund investment may indicate a lack of confidence in its current price level.
Broader market context shows that while the stock has underperformed the benchmark Sensex over the last year, which has gained 2.09%, Selan's returns have been negative at -9.23%. In the short term, the stock has also lagged behind the benchmark, with a 1-month return of -6.45% compared to the Sensex's -0.27%. This underperformance, coupled with the company's high valuation metrics and low domestic mutual fund interest, suggests that investor sentiment may be cautious, contributing to the stock's recent decline.