Why is Benares Hotels falling/rising?

As of 23-Sep, Benares Hotels Ltd is currently priced at 9,403.00, reflecting a decrease of 6.8 points or 0.07%. The stock has been on a downward trend, having fallen consecutively for the last five days, resulting in a total decline of 7.72% over the past week. Despite this recent downturn, the company has demonstrated strong long-term performance, with a 15.93% increase year-to-date and an impressive 238.44% rise over the past three years. However, the stock is currently trading below its moving averages across multiple time frames, indicating a bearish sentiment. Additionally, there has been a significant drop in investor participation, with delivery volume decreasing by 43.94% compared to the five-day average. While the company has a low debt-to-equity ratio and has consistently reported positive results over the last 15 quarters, its high valuation metrics, such as a Price to Book Value of 7.1, may deter some investors.
In the broader market context, Benares Hotels has outperformed the benchmark Sensex, which has only declined by 0.34% over the past week. However, the stock's recent performance contrasts with its strong annual return of 18.56%, especially when compared to the negative returns of -4.69% from the broader BSE500 index over the same period. This discrepancy suggests that while the stock has historically been a strong performer, current market conditions and investor sentiment may be weighing heavily on its price. The lack of domestic mutual fund investment could also indicate a cautious outlook from institutional investors, further contributing to the stock's recent struggles.