Why is United Breweries falling/rising?

As of 04-Sep, United Breweries Ltd. is currently priced at Rs 1,834.00, reflecting an increase of Rs 3.6 or 0.2%. Despite this slight uptick, the stock has shown a negative trend over the past week and month, with returns of -0.86% and -5.45%, respectively. It is also trading lower than its moving averages across various timeframes, indicating a bearish sentiment. However, the stock has outperformed its sector today by 2.44%, and there has been a notable increase in investor participation, with delivery volume rising by 49.66% compared to the five-day average. The company boasts a low debt-to-equity ratio and strong long-term growth, with operating profit increasing at an annual rate of 27.77%. Positive quarterly results further support its fundamentals, with significant growth in both net sales and profit after tax.
Broader Market Context: In the context of the broader market, United Breweries has underperformed against the benchmark, with a year-to-date return of -10.01% compared to the Sensex's +3.30%. This consistent underperformance over the last three years, coupled with a high price-to-book value ratio, suggests that the stock is trading at a premium relative to its peers. While institutional holdings are strong at 24.26%, indicating confidence from larger investors, the stock's valuation appears expensive given its return on equity of 10.5%. Overall, the stock's recent movements reflect a mix of short-term gains against a backdrop of longer-term challenges and market conditions.