Why is Benares Hotels falling/rising?

As of 22-Sep, Benares Hotels Ltd is experiencing a decline in its stock price, currently at Rs 9,409.80, which reflects a decrease of Rs 142.65 or 1.49%. The stock has been underperforming, having fallen for four consecutive days, resulting in a total decline of 7.66% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a healthy long-term growth trajectory, with operating profit increasing at an annual rate of 45.46% and consistent positive results over the last 15 quarters, the stock's valuation appears expensive, with a Price to Book Value of 7.1. Furthermore, the lack of domestic mutual fund investment may indicate a lack of confidence at the current price level.
In the broader market context, Benares Hotels has underperformed the Sensex, which has gained 0.46% over the past week while the stock has declined by 5.90%. Although the stock has shown a positive return of 1.49% over the past month and 16.01% year-to-date, its recent performance contrasts sharply with the benchmark's stability. The rising investor participation, indicated by a significant increase in delivery volume, suggests some interest in the stock, but the overall sentiment remains cautious due to its recent price declines and high valuation metrics.