Why is VTM falling/rising?

As of 07-Jul, VTM Ltd's stock price is currently at 114.00, reflecting a decrease of 2.95, or 2.52%. Today, the stock opened with a gain of 3.88% and reached an intraday high of Rs 122.65, marking a new 52-week high. However, it has since fallen after eight consecutive days of gains, touching a low of Rs 111.01 during the trading session. Despite a strong performance over the past year, with a return of 313.64%, the stock underperformed its sector by 1.86% today. The company's healthy long-term growth, evidenced by a 45.68% annual increase in operating profit and positive results over the last four quarters, contrasts with its high valuation metrics, including a Price to Book Value of 3.7, which may deter some investors.
In the broader market context, VTM Ltd has significantly outperformed the Sensex, with a 1-week return of 17.59% compared to the benchmark's slight decline of 0.20%. The stock's strong historical performance, including a 522.95% return over three years, suggests robust investor interest; however, the recent drop in delivery volume by 38.43% indicates a potential decline in investor participation. Additionally, the absence of domestic mutual fund investment could signal caution among institutional investors regarding the stock's current valuation. Overall, while VTM Ltd has demonstrated impressive growth, the recent price decline may reflect profit-taking after a strong rally and concerns over its high valuation relative to peers.