Why is Selan Expl. Tech falling/rising?

As of 25-Jul, Selan Explorations Technology Ltd is experiencing a price increase, with its current price at Rs 620.60, reflecting a rise of Rs 12.6 or 2.07%. Today's performance indicates a trend reversal, as the stock has gained after three consecutive days of decline, reaching an intraday high of Rs 641.85, which is a 5.57% increase. Despite this positive movement, the stock has underperformed in the longer term, with a year-to-date decline of 24.63% compared to a 4.25% gain in the benchmark Sensex. The company has shown strong financial performance, with a net profit growth of 30.04% and positive results for the last five consecutive quarters, but it also faces challenges such as a high valuation relative to its peers and a lack of domestic mutual fund investment.
Broader Market Context: In the short term, Selan's stock has outperformed its sector by 3.45%, which is notable given its recent struggles. However, over the past year, the stock has significantly lagged behind the broader market, with a return of -19.97% compared to the Sensex's modest gain of 1.78%. This disparity highlights the stock's volatility and the market's cautious sentiment towards it, despite its recent positive financial indicators. The overall market context suggests that while there may be short-term gains, the stock's long-term outlook remains uncertain, particularly given its underperformance relative to the benchmark.