Why is Varun Beverages falling/rising?

As of 31-Jul, Varun Beverages Ltd has seen a current price of 522.60, reflecting an increase of 0.8 (0.15%). The stock has been on an upward trend, gaining 9.79% over the last four days, despite underperforming its sector by 0.37% today. Over the past week, the stock has risen by 7.61%, while it has outperformed the benchmark Sensex, which has declined by 1.22%. The company has demonstrated strong long-term fundamental strength, with a robust average Return on Equity (ROE) of 22.82% and significant growth in net sales and operating profit. Additionally, the company has reported positive results for the last three consecutive quarters, contributing to investor confidence and recent price movements.
Broader Market Context: In the context of the broader market, Varun Beverages has significantly outperformed the Sensex in the short term, with a 1-month return of 15.72% compared to the benchmark's decline of 3.00%. This strong performance can be attributed to rising investor participation, as evidenced by a 92.67% increase in delivery volume, indicating heightened interest in the stock. Furthermore, the company's substantial market capitalization and high institutional holdings suggest a solid foundation for continued growth, even as the stock has faced challenges in the year-to-date performance, where it is down 18.15% compared to the Sensex's gain of 3.90%.