Why is Radico Khaitan falling/rising?

As of 03-Sep, Radico Khaitan Ltd. is experiencing a price increase, with its current price at Rs. 2,899.00, reflecting a change of 9.4 (0.33%) upward. The stock has recently hit a new 52-week high of Rs. 2,948.15 and has shown a positive performance over the last four days, gaining 2.06% during this period. Additionally, the stock has outperformed the benchmark Sensex over the past year, with a return of 45.30% compared to the Sensex's decline of 2.41%. The company has demonstrated strong financial health, evidenced by a low Debt to EBITDA ratio of 0.96 times and consistent growth in net sales and profits, which have contributed to positive investor sentiment.
In the broader market context, Radico Khaitan's short-term performance has slightly outperformed the Sensex, which has seen a marginal decline of 0.27% over the past week, while Radico Khaitan's return is nearly flat at -0.03%. The stock's liquidity is also favorable, with a delivery volume increase of 1.65% against the five-day average, indicating rising investor participation. However, there are concerns regarding its valuation, as the stock is considered expensive with a PEG ratio of 1.9, despite its strong performance metrics. Overall, the combination of positive financial results, high institutional holdings, and consistent returns has contributed to the stock's upward movement.