Why is Varun Beverages falling/rising?

As of 07-Aug, Varun Beverages Ltd's stock price is currently at 502.40, reflecting an increase of 3.25 or 0.65%. The stock has shown a trend reversal, gaining after four consecutive days of decline. Despite a recent 3.87% drop over the past week, it has performed well over the last month with an 8.26% increase. The stock is currently higher than its 20-day, 50-day, and 100-day moving averages, although it remains below its 5-day and 200-day moving averages. However, there has been a significant decrease in investor participation, with delivery volume falling by 80.82% against the 5-day average. Positive factors contributing to the stock's recent movement include strong long-term fundamentals, as evidenced by a robust average Return on Equity (ROE) of 22.82%, consistent positive results over the last three quarters, and high institutional holdings at 32.38%, indicating confidence from knowledgeable investors.
In the broader market context, Varun Beverages has outperformed the sector today by 0.84%, which is notable given the stock's recent struggles. While the Sensex has declined by 0.69% over the past week, Varun Beverages' performance has been relatively strong in the one-month period, contrasting with the benchmark's 3.38% drop. This suggests that despite the stock's year-to-date decline of 21.31%, its recent gains may reflect a recovery phase, supported by its significant market capitalization and strong sales figures, which account for a substantial portion of the industry.