Why is Varun Beverages falling/rising?

As of 30-Jul, Varun Beverages Ltd is experiencing a rise in its stock price, currently at Rs 521.80, reflecting an increase of Rs 9.6 or 1.87%. The stock has shown strong performance recently, gaining 9.62% over the last three days and outperforming its sector by 1.13% today. Additionally, it has recorded a weekly return of +6.97% and a monthly return of +14.04%, while it has consistently outperformed the benchmark Sensex, which has seen declines of -1.50% over the week and -2.54% over the month. The stock's positive momentum is supported by strong fundamentals, including a healthy long-term growth rate in net sales and operating profit, as well as a low debt-to-EBITDA ratio. Furthermore, the company has declared positive results for the last three consecutive quarters, which has likely bolstered investor confidence.
In the broader market context, Varun Beverages' recent performance stands in stark contrast to the benchmark Sensex, which has been declining. The stock's ability to rise while the market is down indicates strong investor interest and confidence, particularly given the high institutional holdings of 32.38%, suggesting that knowledgeable investors are backing the company. The significant increase in delivery volume, which rose by 146.69% against the five-day average, further highlights rising investor participation and liquidity in the stock. Overall, the combination of strong financial fundamentals, positive quarterly results, and robust investor engagement has contributed to the stock's upward movement despite broader market challenges.