Why is United Breweries falling/rising?

As of 24-Sep, United Breweries Ltd. is experiencing a slight decline in its stock price, currently at 1,796.15, reflecting a decrease of 0.35 or 0.02%. The stock is trading lower than its moving averages across various time frames, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 1.46% away from the low of Rs 1770. Over the past week, the stock has underperformed with a return of -0.21%, while the benchmark Sensex has declined by 1.18%. Furthermore, the delivery volume has significantly decreased by 48.06% compared to the 5-day average, suggesting falling investor participation. Despite a low debt-to-equity ratio and strong operating profit growth, the stock's high valuation, indicated by a Price to Book Value of 10.9 and a PEG ratio of 21.8, raises concerns among investors.
In the broader market context, United Breweries has consistently underperformed against the benchmark over the last three years, with a one-year return of -16.67% compared to the Sensex's decline of only 3.77%. This underperformance is compounded by the stock's negative returns over the past month and year, contrasting sharply with the benchmark's positive return of 0.50% over the last month and 4.58% year-to-date. The high institutional holdings at 24.26% may provide some support, but the overall sentiment remains cautious due to the stock's expensive valuation relative to its peers and its inability to generate significant returns in the recent past.