Why is Radico Khaitan falling/rising?

As of 12-Sep, Radico Khaitan Ltd. is experiencing a price decline, with its current price at Rs 2,868.00, reflecting a change of -8.05 (-0.28%). Despite this recent drop, the stock has shown strong performance in the longer term, with a 41.84% return over the past year and a remarkable 152.69% increase over the last three years. Today's performance indicates that the stock has outperformed its sector by 0.4%, although it has fallen after two consecutive days of gains. Additionally, while the stock is trading above its moving averages, there has been a notable decrease in investor participation, with delivery volume down by 30.57% compared to the five-day average. The company has demonstrated strong fundamentals, including a low Debt to EBITDA ratio and significant growth in net sales and profit, which supports its long-term growth outlook. In the broader market context, Radico Khaitan's short-term return of +2.80% over the past week has outperformed the Sensex, which has gained 1.48% in the same period. However, the stock's recent decline may be influenced by its high valuation metrics, as indicated by a PEG ratio of 1.9, suggesting that it may be perceived as expensive compared to its earnings growth. Despite the recent price drop, the stock remains liquid and has high institutional holdings, which could provide stability and confidence among investors. Overall, while the stock is currently facing downward pressure, its strong fundamentals and historical performance suggest potential for recovery in the longer term.