Why is Vishal Mega Mart falling/rising?

As of 14-Jul, Vishal Mega Mart Ltd's stock price is rising, currently at 137.20, reflecting an increase of 3.65 or 2.73%. The stock has recently hit a new 52-week high of Rs. 140.45 and has outperformed its sector by 3.87%. Over the past week, it has gained 7.69%, and in the last month, it has risen by 10.42%. The stock has been on a consecutive gain streak for the last two days, with a total return of 5.17% during this period. Additionally, the company demonstrates strong fundamentals, with a low Debt to EBITDA ratio of 0.57 times and healthy long-term growth metrics, including a 20.20% annual growth rate in net sales and a 28.53% increase in operating profit. However, there are concerns regarding promoter confidence, as they have reduced their stake by 20.33% in the last quarter, which may indicate a lack of confidence in the company's future prospects.
In the broader market context, Vishal Mega Mart's short-term performance significantly outpaces the benchmark, with the Sensex declining by 1.42% over the past week while the stock rose by 7.69%. This divergence highlights the stock's relative strength in a challenging market environment. Despite the positive momentum, the flat results reported in March and the high valuation metrics, such as an 8.9 Enterprise value to Capital Employed, could pose risks moving forward. The stock's liquidity remains adequate, with a delivery volume increase of 11.97% against the 5-day average, suggesting continued investor interest despite the mixed signals from the company's fundamentals.