Why is Varun Beverages falling/rising?

As of 26-Aug, Varun Beverages Ltd is experiencing a decline in its stock price, currently at 508.45, which represents a decrease of 7.55 points or 1.46%. The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total decline of 1.84% during this period. Additionally, the stock's performance today has underperformed its sector by 0.6%. In terms of returns, while the stock has shown a positive return of 0.63% over the past week and 6.82% over the past month, it has significantly underperformed on a year-to-date basis with a decline of 20.36%. Despite strong long-term fundamentals, including a high average return on equity and healthy growth in net sales and operating profit, the stock's recent movement reflects a combination of falling investor participation, as indicated by a 56.18% drop in delivery volume compared to the five-day average.
In the broader market context, Varun Beverages' short-term performance contrasts with the benchmark Sensex, which has declined by 1.05% over the past week. This suggests that while the stock has managed to outperform the benchmark in the short term, the overall sentiment remains negative as evidenced by the recent price drop. The company maintains a strong market position with high institutional holdings and solid financial metrics, but the recent decline in stock price may be attributed to reduced trading activity and investor sentiment, which could be impacting its liquidity and overall market performance.