Why is Vishal Mega Mart falling/rising?

As of 17-Jul, Vishal Mega Mart Ltd is experiencing a decline in its stock price, currently at Rs 137.00, which reflects a decrease of 0.65 or 0.47%. The stock is trading 2.52% away from its 52-week high of Rs 140.45 and is performing in line with its sector. Despite this recent drop, the stock has shown positive returns over the past week and month, with increases of 5.02% and 7.92%, respectively. However, there has been a notable decline in investor participation, with delivery volume falling by 41.25% against the 5-day average. The company maintains a strong ability to service debt, evidenced by a low Debt to EBITDA ratio of 0.57 times, and has demonstrated healthy long-term growth with net sales increasing at an annual rate of 20.20% and operating profit at 28.53%.
In the broader market context, Vishal Mega Mart's recent performance contrasts with the Sensex, which has seen a decline of 1.12% over the past week, indicating that the stock is outperforming the benchmark in the short term. However, the stock faces challenges, including a flat result in March and a high valuation indicated by an enterprise value to capital employed ratio of 8.9. Additionally, promoter confidence appears to be waning, as they have reduced their stake by 20.33% in the previous quarter, which could signal concerns about the company's future prospects. Overall, while the stock has shown strong growth metrics, the recent decline in price may reflect investor apprehension stemming from reduced promoter confidence and valuation concerns.