Why is VTM falling/rising?

As of 24-Jul, VTM Ltd's stock price is currently at Rs 114.17, reflecting a decrease of Rs 2.33 or 2.0%. Today's price summary indicates that the stock has underperformed its sector by 2.02%, reaching an intraday low of Rs 114.17. Despite this decline, the stock has shown impressive long-term performance, with a year-to-date increase of 64.56% and a staggering 307.75% rise over the past year. The company has consistently reported positive results over the last four quarters, with significant growth in net sales and operating profit. However, the stock is considered expensive with a high Price to Book Value ratio, and the lack of domestic mutual fund investment may indicate caution among institutional investors.
In the broader market context, VTM Ltd's recent short-term performance has been notably weaker than the benchmark, with a 1-week return of -5.64% compared to a minimal decline of -0.09% in the Sensex. This underperformance in the short term contrasts sharply with the stock's strong long-term returns, suggesting that while the company has demonstrated robust growth, current market sentiment may be weighing on its price. The rising investor participation, indicated by an increase in delivery volume, could provide some support, but the overall market dynamics and valuation concerns are contributing to the stock's recent decline.