Why is STEL Holdings falling/rising?

As of 23-Jun, STEL Holdings Ltd is experiencing a decline in its stock price, currently at 398.05, reflecting a decrease of 7.5 points or 1.85%. The stock has underperformed its sector by 4.6% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 2.68%. Over the past week, the stock has decreased by 3.39%, and it has shown a significant drop of 8.81% over the past year, contrasting sharply with the Sensex, which has gained 6.07% in the same period. Despite reporting positive results in the last three quarters, including a substantial growth in net sales, the company's long-term growth prospects appear poor, with annual growth rates of only 6.16% for net sales and 6.49% for operating profit over the last five years. Additionally, the stock is considered expensive relative to its peers, which may deter potential investors.
Broader Market Context: The broader market context indicates that while the Sensex has shown a slight gain of 0.12% over the past week and 4.81% year-to-date, STEL Holdings has significantly lagged behind, with negative returns of 2.31% year-to-date. This underperformance may reflect a lack of confidence from domestic mutual funds, which hold only a minimal stake in the company, suggesting that they may not be comfortable with the current valuation. The stock's liquidity is adequate, but the overall sentiment remains cautious, as evidenced by its consistent decline and the negative perception surrounding its long-term growth potential.