Why is Britannia Inds. falling/rising?

As of 16-Sep, Britannia Industries Ltd is currently priced at Rs 6,218.00, reflecting a slight increase of 4.65 (0.07%). The stock has shown a positive trend, having gained after two consecutive days of decline, and is currently trading 4.1% away from its 52-week high. In terms of performance, the stock has outperformed its sector by 0.45% today and has demonstrated strong returns over various periods, including a 30.45% increase year-to-date and a 70.97% increase over the last three years. However, there has been a notable decline in investor participation, with delivery volume falling by 37.23% compared to the five-day average. The company benefits from high management efficiency, a low debt-to-EBITDA ratio, and significant institutional holdings, which contribute positively to its stock performance.
In the broader market context, Britannia's short-term return of 1.24% over the past week is slightly below the benchmark Sensex, which has risen by 1.58% in the same period. Despite this, the stock has consistently outperformed the BSE500 over the long term, generating returns that surpass those of the broader market in the last year and three years. The liquidity of the stock remains adequate for trading, indicating a stable environment for investors. Overall, while the stock is experiencing a minor increase today, the decline in delivery volume and the recent performance relative to the benchmark suggest a cautious outlook among investors.