Why is Radico Khaitan falling/rising?

As of 26-Aug, Radico Khaitan Ltd. is experiencing a slight decline in its stock price, currently at Rs 2,900.00, reflecting a decrease of Rs 13.3 or 0.46%. Despite this recent dip, the stock has shown strong performance over various periods, with a 1-week return of 2.80%, a 1-month return of 7.71%, and an impressive 58.04% return over the past year. Today's trading saw the stock touch an intraday low of Rs 2,848.6, but it remains close to its 52-week high, just 1.43% away. The stock is trading above all key moving averages, and there has been a notable increase in investor participation, with delivery volume rising by 22.03% against the 5-day average. The company's strong fundamentals, including a low Debt to EBITDA ratio and consistent growth in net sales and profits, support its positive outlook, although it is facing some valuation concerns with a high PEG ratio.
In the broader market context, Radico Khaitan's recent performance contrasts favorably with the benchmark Sensex, which has declined by 1.05% over the past week. The stock's ability to outperform the sector by 0.45% today indicates resilience despite the overall market conditions. Additionally, the company has maintained high institutional holdings, suggesting confidence from knowledgeable investors. However, the stock's valuation is considered expensive relative to its returns, which may contribute to the current price fluctuation. Overall, while the stock has shown robust long-term growth and consistent returns, the recent price movement reflects a combination of market dynamics and valuation concerns.