Why is Varun Beverages falling/rising?

As of 16-Jul, Varun Beverages Ltd's stock price is currently at 480.10, reflecting an increase of 10.4, or 2.21%. The stock has shown a positive trend recently, gaining 6.16% over the last three days and outperforming its sector by 0.61% today. Despite a year-to-date decline of 24.80%, the stock has demonstrated strong long-term performance with a remarkable 190.41% increase over the past three years. The company's fundamentals remain robust, highlighted by a healthy average Return on Equity (ROE) of 20.57% and significant growth in net sales and operating profit. However, there has been a noted decrease in investor participation, with delivery volume falling by 24.65% against the five-day average.
In the broader market context, Varun Beverages has outperformed the Sensex in the short term, with a 3.10% gain over the past week compared to a decline of 1.08% for the benchmark. This indicates that while the stock has faced challenges year-to-date, it is currently gaining traction relative to the market. The high institutional holdings at 32.38% suggest confidence from more knowledgeable investors, which may contribute to the stock's recent upward movement. Overall, the combination of strong fundamentals and recent positive performance metrics has positioned Varun Beverages favorably in the current market environment.