Why is Benares Hotels falling/rising?

As of 24-Sep, Benares Hotels Ltd is experiencing a decline in its stock price, currently at Rs 9,371.00, reflecting a decrease of Rs 50.15 or 0.53%. The stock has shown a mixed performance recently, with a 1-week return of -7.76%, while it has outperformed the sector by 0.32% today, reaching an intraday high of Rs 9,684. Despite this, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 54.23% compared to the 5-day average. While the company has demonstrated strong long-term growth with a 45.46% annual increase in operating profit and consistent positive results over the last 15 quarters, its high valuation, indicated by a Price to Book Value of 7.1, raises concerns among investors.
In the broader market context, Benares Hotels has outperformed the benchmark Sensex over the past year, generating a return of 17.11% compared to the Sensex's decline of 3.77%. However, the stock's recent short-term performance contrasts sharply with this long-term success, as it has underperformed the market in the last week. The lack of domestic mutual fund investment, holding only 0% of the company, suggests a lack of confidence at current price levels, which may contribute to the stock's downward pressure. Overall, while the company shows strong fundamentals, the combination of high valuation concerns and reduced investor activity appears to be influencing the stock's current decline.