Why is VTM falling/rising?

As of 18-Jul, VTM Ltd's stock price is currently at Rs 118.58, reflecting a decrease of Rs 2.42 or 2.0%. The stock has recently underperformed its sector by 1.16% and has fallen after four consecutive days of gains. Despite this decline, VTM has shown strong performance over various time frames, with a 1-week return of 5.64%, a 1-month return of 31.68%, and an impressive year-to-date return of 70.91%. The company has consistently reported positive results over the last four quarters, with significant growth in net sales and operating profit, indicating healthy long-term growth. However, the stock is trading at a premium compared to its peers, which may contribute to the recent price drop as investors reassess its valuation.
In the broader market context, VTM's recent performance contrasts with the Sensex, which has declined by 0.90% over the past week. While VTM has outperformed the benchmark significantly in the long term, the current dip may reflect a combination of falling investor participation, as evidenced by a 47.68% drop in delivery volume, and concerns regarding its high valuation metrics, such as a Price to Book Value of 3.9. Additionally, the lack of domestic mutual fund investment may signal caution among institutional investors, potentially influencing retail sentiment and contributing to the stock's recent decline.