Why is Radico Khaitan falling/rising?

As of 08-Aug, Radico Khaitan Ltd. is experiencing a decline in its stock price, currently at Rs 2,814.10, which reflects a decrease of Rs 15.9 or 0.56%. The stock has been under pressure, having fallen for the last three consecutive days, resulting in a total drop of 2.58% during this period. Despite this recent downturn, the stock has shown strong performance over the longer term, with a 67.05% increase over the past year and a 207.32% rise over the last three years. However, the stock's delivery volume has decreased significantly, down by 67.22% compared to the five-day average, indicating a potential decline in investor participation. The company maintains a solid financial position with a low Debt to EBITDA ratio and strong growth in net sales and profits, which supports its long-term outlook.
In the broader market context, Radico Khaitan's short-term performance has slightly outpaced the benchmark Sensex, which has declined by 0.92% over the same week, while Radico Khaitan's stock fell by 0.94%. This suggests that while the stock is facing some challenges, it is still performing relatively better than the overall market. The company's high institutional holdings and consistent positive results over the last four quarters indicate strong fundamentals, but the stock's current valuation appears expensive, which may be contributing to the recent price decline. Overall, while Radico Khaitan has demonstrated robust long-term growth, the recent drop in price could be attributed to a combination of reduced investor activity and concerns over its valuation.