Why is V-Mart Retail falling/rising?

As of 23-Jul, V-Mart Retail Ltd. is experiencing a price increase, currently at 768.70, reflecting a rise of 8.2 or 1.08%. Today's price summary indicates that the stock has outperformed its sector by 0.85% and has gained after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a negative return of -16.87% over the past month and -21.87% year-to-date, the company reported a significant growth in profit after tax (PAT) of 118.82% for the nine months ending March 25, which may contribute to the recent uptick in stock price. Additionally, high institutional holdings at 50.4% suggest confidence from larger investors, although the company faces challenges with weak long-term fundamental strength and a high debt-to-EBITDA ratio.
In the broader market context, V-Mart Retail's short-term performance has been underwhelming compared to the benchmark, with a -1.96% return over the past week while the Sensex has gained 0.11%. This underperformance is consistent with its longer-term trends, where the stock has lagged behind the BSE500 over various periods. The recent rise in stock price may be attributed to a combination of improved investor participation and attractive valuations relative to peers, despite the overall negative sentiment reflected in its longer-term returns.