Why is United Spirits falling/rising?

As of 22-Aug, United Spirits Ltd is experiencing a decline in its stock price, currently at Rs 1,329.55, which reflects a decrease of -4.55 (-0.34%). The stock has been losing value for the last two days, with a total return of -0.45% during this period. It is currently trading 4.44% above its 52-week low and has shown a narrow trading range of Rs 10.1. In terms of performance against benchmarks, the stock has underperformed over the past month with a return of -1.08%, while the Sensex has shown a similar decline of -1.07%. Despite a high management efficiency indicated by a return on equity (ROE) of 17.23% and a low debt-to-equity ratio of 0.06, the stock's valuation appears expensive compared to its peers, which may be contributing to the recent price drop.
In the broader market context, the stock's recent performance has been relatively aligned with the benchmark, as both the stock and the Sensex have shown similar short-term returns. However, the year-to-date performance of United Spirits is significantly worse, with a decline of -18.20% compared to the Sensex's increase of +4.05%. This underperformance, combined with falling investor participation and a high price-to-book value ratio of 11.9, suggests that investors may be cautious about the stock's future prospects. The flat results reported in June, despite a growth in interest, further indicate potential concerns regarding the company's valuation and profitability, which could be influencing the stock's current downward trend.