Why is STEL Holdings falling/rising?

As of 22-Jul, STEL Holdings Ltd is experiencing a decline in its stock price, currently at Rs 403.00, which reflects a decrease of Rs 9.00 or 2.18%. The stock has underperformed its sector by 1.95% today and has touched an intraday low of Rs 403. Additionally, STEL Holdings is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 2.30%, and it has also shown a negative return of 1.09% year-to-date. While the company has reported positive results for the last three consecutive quarters, including significant growth in net sales and operating profit, its 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. Furthermore, the stock is considered expensive relative to its peers, as indicated by its high PEG ratio of 2.4.
In the broader market context, STEL Holdings' short-term performance has been weaker than the benchmark Sensex, which has only declined by 0.47% over the past week. This underperformance may reflect a lack of confidence among investors, as evidenced by the falling delivery volume, which has decreased by 27.96% compared to the 5-day average. Additionally, the minimal stake held by domestic mutual funds at 0.12% could suggest that institutional investors are hesitant about the stock's valuation and future prospects. Overall, the combination of poor long-term growth indicators, high valuation metrics, and weak investor participation contributes to the stock's current downward movement.