Why is Radico Khaitan falling/rising?

As of 19-Sep, Radico Khaitan Ltd. is experiencing a price increase, currently at 3,058.65, reflecting a rise of 46.65 (1.55%). The stock has recently hit a new 52-week and all-time high of Rs. 3068.65 and has outperformed its sector by 1.37%. Over the past week, the stock has gained 6.65%, and it has been on a consecutive gain streak for the last five days. Additionally, Radico Khaitan is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has demonstrated strong financial health with a low Debt to EBITDA ratio of 0.96 times, consistent growth in net sales and operating profit, and impressive net profit growth of 43.16%. High institutional holdings at 43.74% further bolster investor confidence.
In the broader market context, Radico Khaitan's short-term performance of +6.65% over the past week significantly outpaces the Sensex, which has only increased by 0.88% during the same period. This strong performance is indicative of the company's solid fundamentals and positive investor sentiment, especially given its consistent returns over the last three years. While there are concerns regarding its high valuation metrics, such as a PEG ratio of 2, the overall positive results and growth trajectory have contributed to the stock's upward movement.