Why is Radico Khaitan falling/rising?

As of 05-Sep, Radico Khaitan Ltd. is experiencing a decline in its stock price, currently at Rs 2,790.00, reflecting a decrease of Rs 50.0 or 1.76%. The stock has been on a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 3.76% during this period. Despite this recent downturn, the stock has shown strong performance over the long term, with a year-to-date increase of 7.10% and a remarkable 39.43% rise over the past year. The stock's performance today has outpaced its sector by 0.49%, although it has underperformed the benchmark Sensex in the short term, with a 1-week decline of 1.97% compared to the index's gain of 1.13%.
In the broader market context, while Radico Khaitan's recent performance has been lackluster, it has demonstrated consistent returns over the past three years, significantly outperforming the BSE500. The company's strong fundamentals, including a low Debt to EBITDA ratio and healthy growth in net sales and profits, support its long-term growth potential. However, the stock is currently viewed as expensive based on its valuation metrics, which may be contributing to the recent price decline. Additionally, the broader sector of Breweries & Distilleries has also seen a decline of 2.25%, indicating that external market pressures may be influencing the stock's performance.