Why is Radico Khaitan falling/rising?

As of 04-Aug, Radico Khaitan Ltd. is currently priced at 2,795.60, reflecting a decrease of 43.2 points or 1.52%. Today's performance indicates that the stock has underperformed its sector by 1.58%, following a trend reversal after four consecutive days of gains. The stock reached an intraday high of Rs 2,933.75, which is a 3.34% increase, but also dipped to a low of Rs 2,780.65, marking a 2.05% decline. Despite this drop, Radico Khaitan has shown strong performance over the past week, with a return of 5.01%, and has outperformed the benchmark Sensex over various periods, including a remarkable 64.45% return over the last year. The company has demonstrated solid fundamentals, including a low Debt to EBITDA ratio and consistent growth in net sales and profits, which have contributed to its overall positive long-term outlook.
In the broader market context, while Radico Khaitan has experienced a decline today, its recent performance remains strong compared to the Sensex, which has only gained 0.16% over the past week. The stock's ability to attract high institutional holdings and its impressive growth metrics suggest a robust underlying business, despite its current price drop. However, the stock's valuation appears expensive, with a PEG ratio of 1.9, indicating potential concerns among investors regarding future growth relative to its price. This combination of strong fundamentals and high valuation may be creating volatility, leading to today's decline in stock price.