Why is Varun Beverages falling/rising?

As of 02-Sep, Varun Beverages Ltd is experiencing a price increase, currently at 499.20, reflecting a rise of 4.05 or 0.82%. The stock has been gaining for the last two days, with a total return of 2.65% during this period. However, it has underperformed its sector by 0.47%. Over the past week, the stock has seen a decline of 1.82%, and year-to-date, it is down 21.81%. Despite these short-term challenges, the company has demonstrated strong long-term fundamentals, including a robust average Return on Equity (ROE) of 22.82% and significant growth in net sales and operating profit. The company has also reported positive results for the last three consecutive quarters, which may contribute to investor confidence.
In the broader market context, Varun Beverages' recent performance contrasts with the benchmark Sensex, which has declined by only 0.78% over the past week. The stock's liquidity is adequate, with a delivery volume increase of 17.45% against the five-day average, indicating rising investor participation. Additionally, the company's high institutional holdings at 32.38% suggest that knowledgeable investors are backing it, which could provide stability amid its recent price fluctuations. Overall, while the stock faces short-term pressures, its strong fundamentals and positive operational metrics may support its price recovery in the longer term.