Why is Radico Khaitan falling/rising?

As of 06-Aug, Radico Khaitan Ltd. is experiencing a decline in its stock price, currently at Rs 2,828.70, reflecting a decrease of Rs 60.0 or 2.08%. The stock has underperformed its sector today by 0.94%, with an intraday low of Rs 2,574.85, marking a significant drop of 10.86%. Despite this, the stock has shown strong performance over the past week, with a return of 4.67%, and has outperformed the benchmark Sensex over various periods, including a 69.38% increase over the last year. The company has demonstrated robust financial health, indicated by a low Debt to EBITDA ratio of 0.96 times and consistent positive results over the last four quarters, contributing to its long-term growth potential.
In the broader market context, while Radico Khaitan has shown resilience with strong returns compared to the Sensex, which has declined by 1.15% over the past week, the stock's recent performance may be influenced by falling investor participation, as evidenced by a 27.98% drop in delivery volume. Additionally, despite its impressive long-term growth metrics, the stock is perceived as having a very expensive valuation, which could deter some investors. The high institutional holdings at 43.74% suggest confidence from more sophisticated investors, but the current price movement indicates a cautious sentiment in the market, likely influenced by the stock's recent volatility and valuation concerns.