Why is VTM falling/rising?

As of 21-Jul, VTM Ltd's stock price is currently at Rs 117.60, reflecting a decrease of Rs 0.98 or 0.83%. The stock has been underperforming recently, having fallen for the last two days, resulting in a total decline of 2.81%. Despite this short-term drop, VTM has shown strong performance over longer periods, with a remarkable 327.95% return over the past year and a 503.70% increase over three years. The company has consistently reported positive results, with significant growth in net sales and operating profit, which supports its long-term growth narrative. However, the stock is trading at a premium compared to its peers, indicated by a high Price to Book Value ratio of 3.9, which may contribute to investor caution.
In the broader market context, VTM's recent performance contrasts with the Sensex, which has seen a slight decline of 0.06% over the past week. While VTM's one-week return of 2.72% indicates it has outperformed the benchmark in the short term, the recent consecutive falls suggest a shift in investor sentiment. Additionally, the significant drop in delivery volume by 80.74% compared to the five-day average indicates a decrease in investor participation, which could be a factor in the stock's current price movement. The lack of domestic mutual fund investment may also reflect concerns about the stock's valuation, further impacting its market performance.