Why is United Breweries falling/rising?

As of 05-Sep, United Breweries Ltd. is experiencing a decline in its stock price, currently at Rs 1,828.50, which reflects a decrease of Rs 5.5 or 0.3%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. It is also close to its 52-week low, being just 2.02% away from Rs 1,791.65. Over the past week, the stock has underperformed with a return of -0.95%, while the benchmark Sensex has gained 1.13%. Additionally, the stock has seen a significant drop in delivery volume, falling by 9.33% against the 5-day average, which suggests a decrease in investor participation. Despite a low debt-to-equity ratio and healthy long-term growth in operating profit, the stock's valuation appears expensive with a high price-to-book ratio, contributing to its recent underperformance.
In the broader market context, the stock's performance has been consistently below that of the benchmark over the last three years, with a year-to-date return of -10.28% compared to the Sensex's gain of 3.29%. This trend of underperformance is compounded by the brewery and distillery sector's decline of 2.25%. While the company has shown strong growth in operating cash flow and net sales, the high institutional holdings indicate that these investors may be cautious due to the stock's expensive valuation and low return on equity. Overall, the combination of declining investor interest, high valuation concerns, and sector-wide challenges are contributing to the stock's downward movement.