Why is Selan Expl. Tech falling/rising?

As of 29-Jul, Selan Explorations Technology Ltd is experiencing a decline in its stock price, currently at 596.50, which reflects a decrease of 4.35 (-0.72%). The stock has underperformed its sector by 2.11% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 3.88% during this period. Over the past week, the stock has seen a significant decline of 9.17%, and its year-to-date performance shows a substantial decrease of 27.56%. Despite reporting positive financial results, including a 30.04% growth in net profit and consistent positive results over the last five quarters, the stock's valuation appears expensive with a Price to Book Value of 1.9, contributing to its recent price drop. Additionally, the low participation from domestic mutual funds, holding 0% of the company, may indicate a lack of confidence in the stock's current price. In the broader market context, Selan Explorations has underperformed significantly compared to the benchmark, with a one-year return of -24.32% against the BSE500's -2.26%. This stark contrast highlights the stock's struggles relative to the market, particularly as it has also fallen 14.71% over the past month while the benchmark declined only 3.24%. The stock's liquidity is adequate for trading, but the recent drop in delivery volume by 49.08% against the five-day average suggests waning investor interest. Overall, the combination of poor short-term performance, high valuation concerns, and lack of institutional support contributes to the stock's downward trajectory.