Why is United Breweries falling/rising?

As of 29-Aug, United Breweries Ltd. is experiencing a decline in its stock price, currently at Rs 1,846.00, reflecting a decrease of Rs 4.0 or 0.22%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has dropped by 1.42%, and it has underperformed the benchmark Sensex, which fell by 1.84%. Despite a healthy long-term growth rate in operating profit and positive quarterly results, the stock's performance has been hindered by its high valuation metrics, such as a Price to Book Value of 11.2, which is considered expensive compared to peers. Additionally, the stock has generated negative returns of 8.96% over the past year, despite a modest profit increase of 4.7%, contributing to investor skepticism. In the broader market context, the stock's recent performance has been less favorable compared to the Sensex, which has shown a positive return of 2.14% year-to-date, while United Breweries has declined by 9.42% in the same period. This consistent underperformance against the benchmark over the last three years has likely influenced investor sentiment negatively. Although there is rising investor participation, as indicated by a 14.47% increase in delivery volume, the overall liquidity and market conditions suggest caution among investors. The high institutional holdings may provide some stability, but the stock's expensive valuation and recent performance trends are significant factors contributing to its current downward movement.