Why is Varun Beverages falling/rising?

As of 08-Aug, Varun Beverages Ltd is currently priced at 494.60, reflecting a decrease of 7.8 points or 1.55%. The stock has underperformed its sector today by 0.73%, and its delivery volume has significantly dropped by 36.04% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has declined by 3.31%, while it has shown a positive return of 7.96% over the past month. Despite this recent decline, the company has demonstrated strong long-term fundamentals, including a healthy average Return on Equity (ROE) of 22.82% and consistent positive results over the last three quarters, which may support its long-term value.
In the broader market context, Varun Beverages' performance contrasts with the Sensex, which has decreased by only 0.92% over the past week. While the stock has faced challenges in the short term, its long-term growth potential is bolstered by strong sales growth and low debt levels, making it a significant player in its sector with a market cap of Rs 1,70,110 crore. The stock's ability to maintain a high institutional holding at 32.38% suggests that more knowledgeable investors are confident in its fundamentals, which could provide some stability despite the recent price decline.