Why is United Spirits falling/rising?

As of 26-Aug, United Spirits Ltd is experiencing a decline in its stock price, currently at Rs 1,302.80, reflecting a decrease of Rs 8.3 or 0.63%. The stock has been underperforming recently, with a consecutive fall over the last four days, resulting in a total drop of 2.45%. It is also 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 2.48% away from that mark. 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 performance has been lackluster, with a year-to-date return of -19.85% compared to a positive 3.39% for the broader market.
In the broader market context, United Spirits' short-term performance has been weaker than the benchmark, with a 1-week return of -2.00% compared to the Sensex's -1.05%. This underperformance is compounded by a significant drop in investor participation, as evidenced by a 17.84% decrease in delivery volume against the 5-day average. While the company boasts high institutional holdings at 29.45% and strong long-term growth potential with an annual operating profit growth rate of 22.16%, the stock's valuation appears expensive with a price-to-book ratio of 11.7. This, coupled with flat results reported in June, has contributed to the negative sentiment surrounding the stock, leading to its current decline.