Why is V-Mart Retail falling/rising?

As of 11-Jun, V-Mart Retail Ltd. is experiencing a price increase, currently at Rs 3,671.05, reflecting a rise of Rs 186.05 or 5.34%. The stock has outperformed its sector by 5.21% today and has shown a consecutive gain over the last three days, accumulating an 8.07% return during this period. Additionally, it has reached an intraday high of Rs 3,700, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock's performance over the past year has been notable, generating a return of 34.24%, significantly higher than the market average, while profits have surged by 127.1%. The high institutional holdings at 50.4% further indicate strong investor confidence, as these investors tend to have better resources for analyzing company fundamentals.
In the broader market context, V-Mart Retail's short-term return of 7.66% over the past week significantly outpaces the Sensex's return of 1.87%. This strong performance is indicative of positive investor sentiment and confidence in the company's fundamentals, especially given its attractive valuation compared to peers and the recent increase in institutional stakes. The stock's ability to generate higher returns than the market, coupled with rising investor participation and liquidity, reinforces its upward momentum amidst a generally favorable market environment.