Why is STEL Holdings falling/rising?

As of 18-Jul, STEL Holdings Ltd is experiencing a decline in its stock price, currently at 403.60, which reflects a decrease of 6.15 (-1.5%). The stock has underperformed its sector by 0.97% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 2.35%. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish sentiment. Despite reporting positive results in the last three quarters, including significant growth in net sales and operating profit, the company faces challenges with poor long-term growth rates and a high valuation compared to its peers, which may be contributing to the recent price decline.
In the broader market context, STEL Holdings has underperformed the Sensex over the past week, with a return of -2.98% compared to the benchmark's -0.90%. Over the past year, the stock has generated a return of -3.98%, while the Sensex has seen a modest gain of 0.51%. This underperformance, coupled with low investor participation and a minimal stake from domestic mutual funds, suggests a lack of confidence in the stock's current valuation and future prospects. The combination of these factors indicates that while the company has shown some positive short-term performance, the overall market sentiment remains cautious, leading to the stock's recent decline.