Why is United Spirits falling/rising?

As of 11-Aug, United Spirits Ltd's stock price is currently at 1,302.30, reflecting an increase of 12.45 or 0.97%. The stock has recently gained after four consecutive days of decline, although it is still trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite this uptick, the stock has underperformed its sector by 0.76% today and is 2.44% away from its 52-week low. Over the past week, the stock has decreased by 2.78%, and it has shown a year-to-date decline of 19.88%. Positive factors include high management efficiency with a return on equity (ROE) of 17.23%, a low debt-to-equity ratio of 0.06, and significant institutional holdings at 29.45%. However, the company faces challenges with 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 11.7, indicating it may be overvalued compared to peers.
Broader market context shows that while United Spirits has experienced a short-term rebound, its performance over the last month has been negative at -3.97%, compared to a decline of only -2.30% in the benchmark Sensex. This suggests that the stock's recent rise may not be indicative of a broader recovery, as it continues to lag behind the market. The stock's year-to-date performance is particularly concerning, with a significant drop of 19.88% against the Sensex's gain of 3.15%. This disparity highlights the challenges United Spirits faces in regaining investor confidence, despite its strong fundamentals and institutional backing.