Why is Radico Khaitan falling/rising?

As of 12-Aug, Radico Khaitan Ltd. is experiencing a price increase, currently at 2,882.60, reflecting a rise of 24.1 points or 0.84%. The stock has shown strong performance recently, having outperformed its sector by 0.4% today and is just 2.04% away from its 52-week high. Over the past month, the stock has gained 5.83%, and it has consistently performed well over longer periods, with a remarkable 72.92% return in the last year and 207.35% over the last three years. The company has demonstrated a solid financial position with a low Debt to EBITDA ratio of 0.96 times and a significant growth in net profit of 43.16%, which has contributed to positive investor sentiment.
In the broader market context, Radico Khaitan's recent performance contrasts favorably against the Sensex, which has declined by 0.59% over the past week. Despite a drop in delivery volume by 64.02% compared to the five-day average, the stock remains liquid enough for trading, indicating continued interest from investors. The high institutional holdings at 43.74% suggest that knowledgeable investors are confident in the company's fundamentals, further supporting the stock's upward movement. However, the stock's valuation is considered expensive, with a PEG ratio of 1.9, which may pose risks if the growth does not continue at the same pace.