Why is Varun Beverages falling/rising?

As of 18-Jul, Varun Beverages Ltd is experiencing a decline in its stock price, currently at 484.85, which reflects a decrease of 5.2 points or 1.06%. Today's price summary indicates that the stock has fallen after four consecutive days of gains, and while it is currently above the 5-day, 20-day, and 50-day moving averages, it remains below the 100-day and 200-day moving averages. The stock has shown a strong performance over the past week with a return of 7.21%, despite a year-to-date decline of 24.06%. Positive factors contributing to the stock's resilience include strong long-term fundamentals, with a healthy average return on equity of 20.57%, and significant institutional holdings at 32.38%, which suggest confidence from larger investors.
Broader Market Context: In comparison to the benchmark Sensex, which has seen a slight decline of 0.90% over the past week, Varun Beverages has outperformed in this short-term period. However, the stock's year-to-date performance is significantly lagging behind the Sensex, which has gained 4.63% during the same timeframe. The rising investor participation, indicated by a 93.05% increase in delivery volume, suggests that there is still interest in the stock despite its recent price drop. This context highlights that while Varun Beverages is facing short-term challenges, its long-term growth potential and strong fundamentals may provide a buffer against broader market fluctuations.