Why is United Breweries falling/rising?

As of 19-Sep, United Breweries Ltd. is experiencing a decline in its stock price, currently at Rs 1,795.90, reflecting a decrease of Rs 6.35 or 0.35%. The stock has underperformed its sector by 0.53% today and is trading close to its 52-week low, just 1.11% away from Rs 1,776. Additionally, it has shown a negative performance over various periods, with a 1-month return of -6.63% and a year-to-date return of -11.88%. The stock is also trading below its moving averages across multiple timeframes, indicating a bearish trend. Furthermore, there has been a significant drop in investor participation, with delivery volume falling by 56.8% compared to the 5-day average, which may suggest waning interest among investors.
In the broader market context, while the Sensex has gained 0.88% over the past week, United Breweries has seen a slight decline of 0.03%, highlighting its consistent underperformance against the benchmark. The company's valuation appears expensive with a Price to Book Value of 10.9, which may deter potential investors. Despite a low debt-to-equity ratio and healthy long-term growth in operating profit, the stock's returns have lagged behind its peers, generating a return of -15.42% over the past year, while profits have only increased by 4.7%. This combination of high valuation, underperformance, and declining investor interest contributes to the stock's current downward trajectory.