Why is Vishal Mega Mart falling/rising?

As of 18-Jul, Vishal Mega Mart Ltd's stock price is currently at Rs 138.05, reflecting an increase of 1.05 (0.77%). The stock has shown strong performance in recent periods, with a 3.37% rise over the past week and a notable 12.28% increase over the past month, significantly outperforming the Sensex, which has declined by 0.90% in the same week and only increased by 0.38% over the month. Additionally, the stock is trading above all its moving averages, indicating a bullish trend. However, there are concerns regarding falling investor participation, as the delivery volume has decreased by 66.01% compared to the 5-day average. Despite these concerns, the company demonstrates a strong ability to service its debt with a low Debt to EBITDA ratio of 0.57 times and has shown healthy long-term growth, with net sales growing at an annual rate of 20.20%.
In the broader market context, Vishal Mega Mart's recent performance contrasts sharply with the benchmark Sensex, which has shown a decline in the short term. While the stock has generated a return of 0.00% over the past year, it is important to note that the company's profits have risen by 37%, suggesting underlying strength. However, the reduction in promoter confidence, with a 20.33% decrease in their stake, raises questions about future prospects. This mixed sentiment, combined with the stock's current valuation being perceived as very expensive, may contribute to cautious investor behavior despite the recent price increase.