Why is Varun Beverages falling/rising?

As of 05-Jun, Varun Beverages Ltd is currently priced at 468.45, reflecting a slight increase of 0.2 (0.04%). The stock has shown a trend reversal, gaining after two consecutive days of decline, although it has underperformed its sector by 0.43%. In terms of returns, the stock has decreased by 2.98% over the past week and 13.11% over the past month, while it has significantly underperformed the benchmark Sensex over the year with a decline of 21.56% compared to the Sensex's increase of 9.49%. Despite these short-term challenges, the company demonstrates strong long-term fundamentals, including a robust average Return on Equity (ROE) of 20.57% and healthy growth in net sales and operating profit. High institutional holdings at 32.18% suggest confidence in the company's fundamentals, which may support its price stability.
Broader Market Context: In the short term, Varun Beverages has underperformed the Sensex, which has seen a modest decline of only 0.23% over the past week. The stock's liquidity is adequate for trading, and the recent increase in delivery volume indicates rising investor participation, which could be a positive sign for future price movements. However, the stock is currently trading below its moving averages across various time frames, suggesting a bearish trend in the near term. Overall, while the stock has shown some positive movements today, its recent performance relative to the benchmark and the sector indicates ongoing challenges that investors should consider.