Why is Varun Beverages falling/rising?

As of 01-Aug, Varun Beverages Ltd's stock is currently priced at Rs 511.55, reflecting a decrease of Rs 11.05 or 2.11%. Today's price summary indicates that the stock has underperformed its sector by 1.04% and has experienced a trend reversal after four consecutive days of gains. The stock touched an intraday low of Rs 510.15, and there has been a notable decline in investor participation, with delivery volume dropping by 55.15% against the five-day average. Despite a strong long-term fundamental strength, including a high Return on Equity (ROE) of 22.82% and positive results for the last three consecutive quarters, the stock's year-to-date performance shows a decline of 19.88%, which may be contributing to the current downward movement.
In the broader market context, Varun Beverages has outperformed the benchmark Sensex in the short term, with a one-week return of 7.47% compared to the Sensex's decline of 1.06%. However, the stock's year-to-date performance contrasts sharply with the Sensex's increase of 3.15%, indicating a challenging environment for the company despite its strong fundamentals and significant market presence. The high institutional holdings at 32.38% suggest that informed investors are backing the company, yet the recent price drop may reflect market concerns or profit-taking after previous gains.