Why is VTM falling/rising?

As of 28-Jul, VTM Ltd's stock price is currently at 109.66, reflecting a decrease of 2.23, or 1.99%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.87% during this period. Despite this recent downturn, VTM has shown strong performance over the longer term, with a remarkable 288.31% return over the past year and a 58.06% increase year-to-date. The company has reported positive financial results consistently, with significant growth in net sales and operating profit, although it is trading at a premium compared to its peers, which may contribute to its current price decline.
In the broader market context, VTM's recent performance contrasts with the Sensex, which has declined by 1.59% over the past week. While VTM has outperformed the benchmark in the long term, its short-term struggles may reflect broader market sentiments or investor caution, particularly given the low domestic mutual fund ownership in the company. The rising investor participation, indicated by increased delivery volume, suggests some interest, but the stock's recent price movement indicates a lack of confidence among investors, possibly due to its high valuation metrics and the recent consecutive losses.