Why is Indian Hotels Co falling/rising?

As of 22-Aug, Indian Hotels Co Ltd is currently priced at 789.05, reflecting a decrease of 6.4 points or 0.8%. The stock has been underperforming, having fallen for the last two days, resulting in a total decline of 2.39% during this period. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of 2.25% and 4.32%, respectively. However, it is noteworthy that the stock's delivery volume has decreased by 22.33% compared to the five-day average, indicating a decline in investor participation. The company has a strong ability to service debt, evidenced by a low Debt to EBITDA ratio of 1.36 times, and has consistently reported positive results for the last 15 quarters, contributing to its long-term growth potential.
In the broader market context, Indian Hotels Co's recent performance contrasts with the Sensex, which has gained 0.88% over the past week and declined by 1.07% over the past month. While the stock has outperformed the benchmark over the last year with a return of 22.41%, it has underperformed in the year-to-date comparison, showing a decline of 9.97% against the Sensex's gain of 4.05%. The company's high institutional holdings at 45.7% suggest that informed investors are backing it, but the stock's expensive valuation, indicated by a Price to Book Value of 10.1 and a PEG ratio of 2, may be contributing to the recent selling pressure.