Why is Vishal Mega Mart falling/rising?

As of 24-Jul, Vishal Mega Mart Ltd's stock price is currently at 139.95, reflecting a decrease of 0.95 (-0.67%). The stock has been experiencing a decline, having fallen for the last two days with a total drop of 1.51%. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of 2.15% and 5.19%, respectively. It is also trading above its moving averages, indicating a generally favorable trend. However, there are concerns regarding promoter confidence, as they have reduced their stake by 20.33%, which may signal a lack of confidence in the company's future. Additionally, the company has reported flat results for March 25, and its valuation appears expensive with a high enterprise value to capital employed ratio.
Broader market context indicates that while Vishal Mega Mart's stock has underperformed in the short term, it has outpaced the benchmark Sensex over the past week and month. The Sensex has shown a slight decline of 0.09% over the past week and a modest increase of 0.16% over the past month, contrasting with Vishal Mega Mart's gains during the same periods. This suggests that the stock's recent price movement is influenced by both company-specific factors, such as declining promoter confidence and flat financial results, as well as broader market conditions that have not favored the retail sector recently.