Why is Vishal Mega Mart falling/rising?

As of 15-Jul, Vishal Mega Mart Ltd's stock price is currently at Rs 137.05, reflecting a decrease of 0.15 (-0.11%). The stock has recently underperformed its sector by 0.6% and has experienced a trend reversal, falling after two consecutive days of gains. Despite this, the stock has shown strong performance over the past week and month, with returns of 5.50% and 10.30%, respectively. It is also trading above all its moving averages, indicating a generally positive trend. However, the company has faced some negative sentiment due to a flat performance in its latest results and a significant reduction in promoter confidence, with a 20.33% decrease in their stake, which may signal concerns about the company's future prospects.
In the broader market context, while Vishal Mega Mart's stock has performed well year-to-date with a return of 28.93%, it has recently lagged behind the benchmark Sensex, which has gained 5.67% in the same period. The stock's recent decline could be attributed to the combination of flat quarterly results and the diminishing confidence from promoters, which contrasts with its strong fundamentals, such as a low Debt to EBITDA ratio and healthy growth in net sales and operating profit. This mixed performance highlights the complexities of investor sentiment in relation to the stock's underlying financial health.