Why is Radico Khaitan falling/rising?

As of 23-Sep, Radico Khaitan Ltd. is experiencing a decline in its stock price, currently at Rs. 2,964.00, which reflects a decrease of Rs. 58.0 or 1.92%. The stock has underperformed its sector by 1.3% today and has been on a consecutive fall for the last two days, resulting in a total drop of 2.86%. Despite reaching a new 52-week high of Rs. 3,087.95 earlier in the day, it also touched a low of Rs. 2,950. The stock's performance over the past month shows a modest increase of 2.62%, while it has significantly outperformed the benchmark Sensex over the year with a return of 38.18% compared to the Sensex's decline of 3.33%. However, a notable decrease in investor participation, with delivery volume dropping by 81.59% against the 5-day average, may be contributing to the recent price decline.
In the broader market context, the stock's short-term performance has been weaker than the benchmark, as it has fallen by 0.96% over the past week while the Sensex has only declined by 0.34%. Although Radico Khaitan has demonstrated strong fundamentals, including a low Debt to EBITDA ratio and consistent positive results over the last four quarters, its current valuation appears expensive with a high PEG ratio of 2. This may be causing some investors to reassess their positions, leading to the recent price drop despite the company's long-term growth potential and high institutional holdings.