Why is Selan Expl. Tech falling/rising?

As of 28-Jul, Selan Explorations Technology Ltd is experiencing a decline in its stock price, currently at Rs 600.85, which represents a decrease of Rs 19.75 or 3.18%. The stock has underperformed its sector today by 2.93%, reaching an intraday low of Rs 591.85, reflecting a drop of 4.63%. Over the past week, the stock has fallen by 8.84%, and it has shown a significant decline of 14.08% over the past month. Despite a positive growth in net profit of 30.04% and consistent positive results over the last five quarters, the stock's performance has been hindered by its expensive valuation, as indicated by a Price to Book Value of 1.9. Additionally, the lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the stock's current price. Broader Market Context: In comparison to the benchmark Sensex, which has decreased by 1.59% over the past week, Selan's decline is notably steeper. The stock's year-to-date performance shows a drop of 27.03%, contrasting sharply with the Sensex's gain of 3.52%. This underperformance relative to the broader market indicates that investor sentiment towards Selan is weak, despite its strong financial metrics. The stock's recent movements reflect a combination of high valuation concerns and low institutional interest, which may be contributing to its downward trajectory in a market that has not been as adversely affected.