Why is Vishal Mega Mart falling/rising?

As of 21-Jul, Vishal Mega Mart Ltd's stock price is currently at Rs. 139.65, reflecting an increase of 1.6 or 1.16%. The stock has recently hit a new 52-week high of Rs. 140.6 and has outperformed its sector by 1.79% today. Over the past week, the stock has gained 1.79%, and in the last month, it has risen by 7.71%. Despite these positive movements, there are concerns regarding declining investor participation, as the delivery volume has decreased significantly by 65.35% compared to the 5-day average. Additionally, while the company shows strong financial health with a low Debt to EBITDA ratio and impressive growth in net sales and operating profit, the recent reduction in promoter confidence—evidenced by a 20.33% decrease in their stake—may negatively impact investor sentiment.
In the broader market context, Vishal Mega Mart's recent performance stands in contrast to the benchmark Sensex, which has seen a slight decline of 0.06% over the past week. This indicates that while the stock is gaining traction, the overall market sentiment may not be as favorable. The company's year-to-date return of 31.37% significantly outpaces the Sensex's 5.20% increase, suggesting that investors are currently favoring Vishal Mega Mart despite the mixed signals from its financial metrics and promoter activity.