Why is Indian Hotels Co falling/rising?

As of 07-Nov, Indian Hotels Co Ltd is experiencing a decline in its stock price, currently at Rs 692.15, which reflects a decrease of Rs 5.0 or 0.72%. The stock has been under pressure, having fallen consecutively for the last three days, resulting in a total drop of 7.35% during this period. It is trading below all key moving averages and is close to its 52-week low, being just 3.14% away from Rs 670.4. Despite a significant increase in investor participation, with delivery volume rising by 434.18% against the 5-day average, the company reported flat results in its latest quarterly performance, with notable declines in profit before tax, profit after tax, and net sales compared to previous quarters. Additionally, the stock's high valuation metrics, including a Price to Book Value of 8.8 and a PEG ratio of 3.1, suggest it may be perceived as expensive relative to its earnings growth.
In the broader market context, Indian Hotels Co's short-term performance has been notably weaker than the benchmark Sensex, with a 1-week return of -6.74% compared to the Sensex's -0.86%. Over the past month, the stock has also underperformed, declining by 5.69% while the Sensex has gained 1.57%. This underperformance is compounded by the company's recent financial results, which have raised concerns among investors, despite its strong long-term growth potential and solid debt servicing ability. The high institutional holdings indicate that informed investors are closely monitoring the company's fundamentals, which may contribute to the stock's current downward trajectory as they react to the disappointing quarterly results.