Why is United Spirits falling/rising?

As of 04-September, United Spirits Ltd is experiencing a decline in its stock price, currently at Rs 1,325.90, which reflects a decrease of Rs 17.7 or 1.32%. The stock has recently outperformed its sector by 0.92%, but it has also fallen after four consecutive days of gains. It is currently 4.18% away from its 52-week low and has a weighted average price indicating more volume traded close to this low. Over the past week, the stock has shown a positive return of 3.31%, although it has a year-to-date decline of 18.43%. The company benefits from high management efficiency, a low debt-to-equity ratio, and healthy long-term growth, but it also faces challenges such as a very expensive valuation compared to its peers and flat results in June.
In the broader market context, the Sensex has increased by 0.80% over the past week, indicating that while United Spirits has outperformed its sector in the short term, it is still underperforming on a year-to-date basis compared to the benchmark, which has gained 3.30%. The overall sector of Breweries & Distilleries has declined by 2.24%, contributing to the stock's downward movement. Despite high institutional holdings and a significant market cap, the stock's recent performance reflects investor caution, particularly in light of its high valuation metrics and flat earnings results.