Why is Indian Hotels Co falling/rising?

As of 25-Sep, Indian Hotels Co Ltd is experiencing a decline in its stock price, currently at Rs 732.25, which reflects a decrease of Rs 13.95 or 1.87%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 6.42% over the past week. Additionally, it is trading below all key moving averages, indicating a bearish trend. The stock's delivery volume has also decreased significantly, falling by 31.1% against the five-day average, which suggests reduced investor participation. Despite the company's strong fundamentals, including a low Debt to EBITDA ratio and consistent positive results over the last 15 quarters, the stock's valuation appears expensive with a Price to Book Value of 9.3, contributing to its recent price decline.
In the broader market context, Indian Hotels Co's short-term performance has been notably weaker than the benchmark Sensex, which has only declined by 2.23% over the same week. The stock's year-to-date performance shows a significant drop of 16.45%, contrasting sharply with the Sensex's gain of 3.87%. This underperformance may be influencing investor sentiment negatively, leading to the stock's current downward trend. While the company has demonstrated healthy long-term growth and strong institutional holdings, the recent price movements indicate that market conditions and valuation concerns are currently overshadowing these positive factors.