Why is Radico Khaitan falling/rising?

As of 20-Oct, Radico Khaitan Ltd. is experiencing a price increase, currently at 3,256.20, reflecting a rise of 146.6 or 4.71%. The stock has recently outperformed its sector by 4.4% and has been on a consecutive gain streak for the last four days, accumulating a total return of 11.86% during this period. Additionally, the stock reached a new 52-week high of Rs. 3,276.8 today. The company has demonstrated strong financial health, with a low Debt to EBITDA ratio of 0.96 times and impressive growth metrics, including a 43.16% increase in net profit. Furthermore, high institutional holdings at 43.47% indicate confidence from knowledgeable investors, contributing positively to the stock's momentum.
In the broader market context, Radico Khaitan's short-term performance of +8.71% over the past week significantly outpaces the Sensex, which has only increased by 2.47% during the same timeframe. This strong relative performance highlights investor confidence in Radico Khaitan amidst a generally positive market environment. The company's consistent returns over the last three years, coupled with its ability to service debt effectively and declare positive results for four consecutive quarters, further bolster its attractiveness to investors, despite concerns regarding its high valuation metrics.