Why is Selan Expl. Tech falling/rising?

As of 10-Sep, Selan Explorations Technology Ltd is experiencing a decline in its stock price, currently at 560.00, which reflects a decrease of 0.8 or 0.14%. The stock has underperformed its sector by 0.29% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 1.06% during this period. Over the past week, the stock has fallen by 1.59%, and in the last month, it has decreased by 3.63%. Despite a healthy long-term growth rate in operating profit of 48.30% and a low debt-to-equity ratio, the recent quarterly results have shown a significant drop in net sales and profit after tax, contributing to the stock's negative performance. Additionally, the stock is trading at a premium compared to its peers, which may deter investors.
In the broader market context, the stock's performance has been notably worse than the benchmark, as it has generated a return of -38.29% over the past year, while the broader market (BSE500) has only declined by 2.89%. This stark contrast indicates a lack of investor confidence, particularly as domestic mutual funds hold no stake in the company, suggesting they may not find the current price attractive. The rising investor participation, indicated by an increase in delivery volume, may not be sufficient to counteract the negative sentiment stemming from the company's recent financial results and its expensive valuation relative to historical averages.