Why is VTM falling/rising?

As of 29-Jul, VTM Ltd's stock price is currently at Rs 107.47, reflecting a decrease of -2.19 (-2.0%). The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total decline of -7.75% over the past week. It opened with a loss of -2% today and has traded flat at this price point. Despite the recent downturn, the company has demonstrated strong long-term growth, with a remarkable 277.62% return over the past year and positive results in its last four quarters. However, the stock is facing challenges, including a high valuation with a Price to Book Value of 3.6 and a decline in investor participation, as evidenced by a -12.07% drop in delivery volume compared to the five-day average.
In the broader market context, VTM Ltd's recent performance contrasts sharply with the Sensex, which has only declined by -1.03% over the past week. While VTM has outperformed the benchmark significantly over the long term, its short-term struggles highlight a disconnect with broader market trends. The stock's high valuation and recent underperformance may be causing concern among investors, despite the positive long-term growth indicators and increasing institutional interest. This combination of factors is contributing to the current downward pressure on VTM Ltd's stock price.