Why is Varun Beverages falling/rising?

As of 15-Sep, Varun Beverages Ltd is currently priced at Rs 471.80, reflecting an increase of Rs 1.9 or 0.4%. Despite this slight uptick, the stock has underperformed its sector by 0.31% today and has been on a downward trend, having fallen for two consecutive days prior to this gain. The stock has traded within a narrow range of Rs 3.6 and is currently below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, Varun Beverages has experienced a decline of 0.47%, and its year-to-date performance shows a significant drop of 26.10%, indicating a challenging period for the stock despite strong long-term fundamentals such as a robust return on equity and consistent positive quarterly results.
In the broader market context, Varun Beverages' recent performance contrasts sharply with the Sensex, which has gained 1.24% over the past week and 4.67% year-to-date. This disparity highlights the stock's struggle to keep pace with the overall market. While the company boasts strong long-term growth metrics, including a healthy increase in net sales and operating profit, the recent decline in investor participation, as evidenced by a 3.88% drop in delivery volume, suggests waning interest among investors. Additionally, despite high institutional holdings that typically provide stability, the stock's current performance reflects a disconnect with broader market trends, contributing to its recent price movements.