Why is Varun Beverages falling/rising?

As of 29-Aug, Varun Beverages Ltd is experiencing a decline in its stock price, currently at Rs 485.15, which reflects a decrease of Rs 10.75 or 2.17%. The stock has been underperforming, having fallen for the last six consecutive days, resulting in a total decline of 6.3% during this period. Additionally, it has underperformed its sector by 1.8% today. The stock's performance over the past week shows a drop of 6.08%, while its year-to-date performance indicates a significant decline of 24.01%. Despite strong long-term fundamentals, including a robust average Return on Equity (ROE) of 22.82% and healthy growth in net sales and operating profit, the recent price movement reflects a lack of investor confidence, as evidenced by a 14.38% drop in delivery volume compared to the five-day average.
In the broader market context, Varun Beverages' short-term performance has been notably worse than the benchmark Sensex, which has only declined by 1.84% over the same week. This stark contrast highlights the stock's recent struggles despite its strong institutional backing, which stands at 32.38%. The company's substantial market capitalization and significant share of the sector further emphasize its importance; however, the current liquidity and falling investor participation suggest a cautious sentiment among traders. Overall, while the company has demonstrated strong fundamentals and positive quarterly results, the recent price decline indicates a challenging environment for the stock in the short term.