Why is United Spirits falling/rising?

As of 16-Jul, United Spirits Ltd is currently priced at 1,378.80, reflecting an increase of 7.7 points or 0.56%. The stock has been gaining for the last three days, with a total return of 1.67% during this period. However, it has underperformed its sector by 1.04% today. Despite this recent uptick, the stock has shown a decline of 7.28% over the past month and a significant drop of 15.17% year-to-date. The company boasts a high return on equity (ROE) of 17.23% and a low debt-to-equity ratio, which are positive indicators. However, concerns about poor long-term growth, as evidenced by a modest annual sales growth rate of 5.29% and a high price-to-book value ratio of 12.4, may be contributing to investor caution.
In the broader market context, the Sensex has declined by 1.08% over the past week, while United Spirits has managed a slight gain of 0.48% in the same timeframe. This indicates that the stock is somewhat resilient compared to the overall market trend. However, the company's performance over the longer term shows it lagging behind the benchmark, with a year-to-date return significantly lower than the Sensex's gain of 5.75%. The high institutional holdings at 29.58% suggest that more sophisticated investors are backing the company, yet the flat results reported in March and the expensive valuation relative to peers may be causing some investors to reassess their positions.