Why is Benares Hotels falling/rising?

As of 11-Sep, Benares Hotels Ltd is experiencing a decline in its stock price, currently at 9,360.50, which reflects a decrease of 61.5 points or 0.65%. Today's price summary indicates that the stock has underperformed its sector by 0.35% and has reversed its trend after three consecutive days of gains. Despite this recent downturn, the stock has shown positive performance over the past week, month, and year, with returns of 0.43%, 1.74%, and 13.47% respectively. The company has a low debt-to-equity ratio of 0.02, and its operating profit has grown significantly at an annual rate of 45.46%. However, the stock's high valuation, indicated by a price-to-book ratio of 7 and a PEG ratio of 1.2, raises concerns about its sustainability, especially given that domestic mutual funds hold no stake in the company.
In the broader market context, Benares Hotels' recent performance contrasts with the Sensex, which has increased by 1.03% over the past week. While the stock has outperformed the benchmark over longer periods, such as a year and three years, its short-term underperformance may reflect investor caution regarding its high valuation and the lack of interest from domestic mutual funds. This situation suggests that while the company has demonstrated strong growth and consistent returns, the current market sentiment may be weighing on the stock price, leading to its recent decline.