Why is Selan Expl. Tech falling/rising?

As of 11-Aug, Selan Explorations Technology Ltd is experiencing a decline in its stock price, currently at Rs 570.55, which reflects a decrease of Rs 12.7 or 2.18%. The stock has underperformed its sector by 3.19% today, reaching an intraday low of Rs 565.15. Over the past week, the stock has dropped by 2.37%, and it has seen a significant decline of 12.96% over the past month. Despite a growth in net profit of 30.04% and positive results over the last five quarters, the stock's performance has been poor, with a year-to-date decline of 30.71% and a one-year drop of 38.21%. The stock is trading below all its moving averages, indicating a bearish trend, and domestic mutual funds hold no stake in the company, which may suggest a lack of confidence in its valuation. In the broader market context, the Sensex has only fallen by 0.51% over the past week and 2.30% over the past month, indicating that Selan Explorations is underperforming relative to the market. The stock's significant decline of 38.21% over the past year contrasts sharply with the market's negative return of only 1.85%, highlighting its struggles. The company's high Price to Book Value ratio of 1.8 and low return on equity of 15.7 suggest that it is considered expensive compared to its peers, which may further contribute to investor hesitation. Overall, while the company has shown positive operational metrics, its stock price continues to fall due to a combination of high valuation concerns and underwhelming market performance.