Why is Varun Beverages falling/rising?

As of 06-Aug, Varun Beverages Ltd is experiencing a decline in its stock price, currently at Rs 499.60, which reflects a decrease of Rs 8.4 or 1.65%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 4.4% during this period. Additionally, the stock's performance today has underperformed the sector by 0.51%. In terms of returns, the stock has seen a 4.25% decline over the past week, while it has increased by 9.49% over the past month. Despite the recent downturn, the company has demonstrated strong long-term fundamentals, including a robust average Return on Equity (ROE) of 22.82% and significant growth in net sales and operating profit.
In the broader market context, Varun Beverages' recent performance contrasts with the Sensex, which has only declined by 1.15% over the past week. This indicates that the stock's short-term struggles are more pronounced than the overall market trend. The company benefits from high institutional holdings at 32.38%, which suggests confidence from more sophisticated investors. However, a notable drop in investor participation, with delivery volume falling by 80.53% against the 5-day average, may be contributing to the stock's recent price decline. Overall, while the company has strong fundamentals and a significant market presence, the recent negative price movement reflects short-term challenges and market sentiment.