Why is Avenue Super. falling/rising?

As of 06-Nov, Avenue Supermarts Ltd's stock price is currently at Rs 4,083.20, reflecting a decrease of Rs 98.85 or 2.36%. The stock has experienced a trend reversal, falling after two consecutive days of gains, and it touched an intraday low of Rs 4,072.2. It 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 declined by 1.90%, and over the past month, it has fallen by 5.07%, contrasting with the Sensex, which has gained 1.86% during the same period. Despite a healthy long-term growth rate in net sales and operating profit, the stock's recent performance is hindered by flat results in September and a very expensive valuation, as indicated by a low return on equity and a high price-to-book ratio.
In the broader market context, Avenue Supermarts Ltd's short-term performance has lagged behind the benchmark Sensex, which has seen a smaller decline of 1.30% over the past week. The retail sector overall has also faced challenges, with a decline of 2.32%. While there has been a notable increase in investor participation, as evidenced by a significant rise in delivery volume, the stock's liquidity remains adequate for trading. The company's substantial market capitalization and its dominance in the sector do provide a strong foundation; however, the combination of recent operational challenges and high valuation metrics has contributed to the stock's downward movement.