Why is Mahindra Holiday falling/rising?

As of 25-Jul, Mahindra Holidays & Resorts India Ltd is experiencing a decline in its stock price, currently at Rs 359.10, which reflects a decrease of Rs 11.95 or 3.22%. The stock has underperformed its sector by 1.7% today and has seen a trend reversal after three consecutive days of gains. It touched an intraday low of Rs 358.55, indicating a significant drop. Over the past week, the stock has slightly underperformed the Sensex, with a return of -0.37% compared to the benchmark's -0.36%. Despite a positive one-month return of 5.17%, the stock has faced a substantial decline of 24.66% over the past year. However, it is noteworthy that the company has shown healthy long-term growth with an annual operating profit increase of 30.36%, and its profits have risen by 6.9% over the past year, which may provide some support for the stock's valuation.
In the broader market context, the stock's recent performance reflects a challenging environment, as it has underperformed the Sensex in the short term. The stock's liquidity appears adequate, with a notable increase in delivery volume, suggesting rising investor participation. While the stock is trading at a discount compared to its peers' average historical valuations, the overall market sentiment may be affecting its price negatively. The company's return on capital employed (ROCE) of 7.3 and a PEG ratio of 8.2 indicate a fair valuation, which could attract long-term investors despite the current price decline.