Why is Selan Expl. Tech falling/rising?

As of 12-Aug, Selan Explorations Technology Ltd is experiencing a price increase, with the current price at Rs 577.30, reflecting a change of 6.75 (1.18%) upward. Today's price summary indicates that the stock opened with a gain of 2.67% and reached an intraday high of Rs 589.65, outperforming its sector by 1.28%. However, despite this positive movement, the stock has shown a decline of 11.93% over the past month and a significant drop of 29.89% year-to-date. The company has reported strong financial performance, including a 30.04% growth in net profit and positive results for the last five consecutive quarters, but it also faces challenges such as a high Price to Book Value ratio and a lack of domestic mutual fund investment, which may indicate concerns about its valuation.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has outperformed the Sensex by 0.22% over the past week while the benchmark has declined by 0.59%. Despite the stock's recent gains, it has underperformed the market significantly over the past year, with a return of -35.38% compared to the Sensex's modest gain of 0.74%. This underperformance, coupled with falling investor participation and liquidity concerns, suggests that while there may be short-term positive movements, the overall sentiment towards the stock remains cautious.