Why is Varun Beverages falling/rising?

As of 22-Aug, Varun Beverages Ltd is experiencing a slight decline in its stock price, currently at 516.55, reflecting a decrease of 0.8 or 0.15%. The stock has been losing value for the last two days, with a total drop of 0.23% during this period. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of 2.61% and 6.46%, respectively. However, it has underperformed year-to-date and over the past year, with declines of 19.09% and 18.97%. The stock's moving averages indicate that it is currently above the 5-day, 20-day, 50-day, and 100-day averages but below the 200-day average. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 62.25% compared to the 5-day average.
In the broader market context, Varun Beverages' short-term performance has outpaced the benchmark Sensex, which has only gained 0.88% over the past week. The company's strong long-term fundamentals, including a robust return on equity of 22.82% and healthy growth in net sales and operating profit, suggest potential for recovery. Furthermore, the company has maintained a low debt-to-EBITDA ratio and has reported positive results for the last three consecutive quarters, indicating strong financial health. Despite the recent price decline, high institutional holdings at 32.38% may provide some stability, as these investors typically possess greater analytical resources. Overall, while the stock is currently facing downward pressure, its long-term outlook remains positive due to its fundamental strengths.