Why is VTM falling/rising?

As of 11-Jul, VTM Ltd's stock price is currently at Rs 112.25, reflecting a decline of -2.29 (-2.0%). The stock has been underperforming recently, having fallen for three consecutive days, resulting in a total decline of -6.04% over this period. It opened with a loss of -2% today and has not traded outside this price point. Despite a strong long-term performance with a 307.00% return over the past year, the stock has recently underperformed its sector by -0.48%. The company's positive financial results, including a 45.68% annual growth in operating profit and consistent positive quarterly results, contrast with its high valuation metrics, such as a Price to Book Value of 3.7, which may deter some investors.
In the broader market context, VTM Ltd's short-term performance has been notably weaker than the benchmark, with a -4.02% return over the past week compared to the Sensex's -1.12%. This underperformance may reflect a broader market sentiment affecting investor confidence, particularly given the significant drop in delivery volume, which fell by -94.53% against the 5-day average. Additionally, the lack of domestic mutual fund investment could indicate hesitance from institutional investors regarding the stock's current valuation, further contributing to its recent price decline.