Why is VTM falling/rising?

As of 22-Jul, VTM Ltd's stock price is currently at 116.50, reflecting a decline of 1.1, or 0.94%. The stock has been underperforming, having fallen for the last three consecutive days, resulting in a total drop of 3.72% during this period. Despite this recent downturn, VTM has shown impressive long-term performance, with a 322.29% return over the past year and a 67.92% increase year-to-date. However, the stock's current performance is hindered by a significant drop in delivery volume, which has decreased by 51.95% compared to the five-day average, indicating falling investor participation. While the company has demonstrated strong growth in operating profit and net sales, its high valuation and low domestic mutual fund ownership may contribute to investor caution.
In the broader market context, VTM's short-term performance has outpaced the benchmark Sensex, which has declined by 0.47% over the past week, while VTM's stock has only decreased by 0.23%. This suggests that while VTM is facing some challenges, it has still managed to perform relatively better than the market in the short term. However, the recent consecutive falls and declining investor interest may raise concerns about its sustainability, especially given the stock's premium valuation compared to peers.