Why is Varun Beverages falling/rising?

As of 28-Jul, Varun Beverages Ltd is experiencing a price increase, currently at Rs 486.65, which reflects a rise of Rs 10.65 or 2.24%. Today's price summary indicates that the stock has outperformed its sector by 1.52% and has shown a trend reversal after two consecutive days of decline, reaching an intraday high of Rs 488. The stock's performance over the past month has been positive, with a gain of 5.38%, contrasting with a year-to-date decline of 23.78%. The company's strong long-term fundamentals, highlighted by an average Return on Equity (ROE) of 20.57% and significant growth in net sales and operating profit, contribute to its recent upward movement. Additionally, high institutional holdings at 32.38% suggest confidence from knowledgeable investors, further supporting the stock's performance.
In the broader market context, Varun Beverages has outperformed the benchmark Sensex over the past week, where the stock declined by 0.53% compared to the Sensex's 1.59% drop. This indicates that while the overall market is facing challenges, Varun Beverages is managing to maintain a relatively stronger position. The liquidity of the stock, with a delivery volume increase of 0.22% against the five-day average, also suggests healthy trading activity, which can be a positive indicator for investors. Overall, the combination of strong fundamentals, recent positive price movement, and better performance relative to the benchmark contributes to the stock's rising trend.