Why is Varun Beverages falling/rising?

As of 25-Aug, Varun Beverages Ltd is currently priced at 516.00, reflecting a decrease of 0.55, or 0.11%. The stock has been underperforming recently, having fallen for the last three days with a total decline of 0.34% during this period. Despite this, the stock has shown positive performance over the past week and month, with returns of 3.01% and 8.40%, respectively. The company has strong long-term fundamentals, evidenced by a robust average Return on Equity (ROE) of 22.82% and significant growth in net sales and operating profit. However, there has been a notable decline in investor participation, with delivery volume dropping by 33.94% against the five-day average, which may contribute to the recent price decline.
In the broader market context, Varun Beverages has outperformed the Sensex by 0.42% today, indicating some resilience compared to the overall market. However, its year-to-date performance shows a significant decline of 19.18%, contrasting sharply with the Sensex's gain of 4.48%. The stock's liquidity remains adequate for trading, but the falling investor participation could be a concern for future movements. Overall, while the company maintains strong fundamentals and a leading position in its sector, the recent price decline may be influenced by reduced trading activity and a lack of momentum in the short term.