Why is United Spirits falling/rising?

As of 19-Sep, United Spirits Ltd is experiencing a slight decline in its stock price, currently at Rs 1,328.20, which reflects a decrease of -0.2 or -0.02%. The stock has been losing value for the past two days, with a total return of -0.73% during this period. It is currently 4.34% away from its 52-week low, indicating a challenging performance. Although the stock has shown a positive return of +1.54% over the past week, it has underperformed in the longer term, with a year-to-date decline of -18.28%. The company has a high management efficiency with a return on equity (ROE) of 17.23% and a low debt-to-equity ratio of 0.06, but it is trading at a premium compared to its peers, which may contribute to investor caution.
In the broader market context, the Sensex has increased by +0.88% over the past week, while United Spirits has outperformed the benchmark in this short timeframe. However, the stock has underperformed the market over the last year, with a return of -13.62% compared to the market's -0.67%. The recent decline in delivery volume by -35.55% against the 5-day average suggests falling investor participation, which could further pressure the stock price. Despite its strong institutional holdings at 29.45% and healthy long-term growth prospects, the stock's expensive valuation and flat results in the last quarter may be causing hesitation among investors, leading to its current downward movement.