Why is United Spirits falling/rising?

As of 05-Sep, United Spirits Ltd is experiencing a decline in its stock price, currently at Rs 1,312.00, which reflects a decrease of Rs 13.9 or 1.05%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 2.35%. It is also trading below all its moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 3.16% away from Rs 1,270.5. Despite a high management efficiency with a return on equity (ROE) of 17.23% and a low debt-to-equity ratio of 0.06, the stock's valuation is considered expensive, trading at a premium compared to its peers. The flat results reported in June and a high PEG ratio of 5.6 suggest that the stock may not be justified at its current price, contributing to its recent downward movement.
In the broader market context, the stock's performance over the past week shows a slight increase of 0.34%, while the benchmark Sensex has increased by 1.13%. However, on a year-to-date basis, United Spirits has significantly underperformed, with a decline of 19.28% compared to a 3.29% increase in the Sensex. The overall sector, Breweries & Distilleries, has also faced a downturn, falling by 2.25%. Furthermore, a notable drop in investor participation, with delivery volume decreasing by 51.79% against the five-day average, indicates a lack of confidence among investors, which may further pressure the stock price.