Why is Vishal Mega Mart falling/rising?

As of 29-Jul, Vishal Mega Mart Ltd's stock price is rising, currently at Rs 136.60, reflecting an increase of Rs 3.8 or 2.86%. The stock has shown a trend reversal, gaining after four consecutive days of decline, and it has outperformed its sector by 1.85% today. The stock is close to its 52-week high, just 4.98% away from Rs 143.4, and has seen a rise in investor participation, with delivery volume increasing by 13.36% compared to the 5-day average. However, the stock's performance over the past week is down by 3.87%, while it has gained 1.41% over the past month. The company's strong ability to service debt, indicated by a low Debt to EBITDA ratio of 0.57 times, and healthy long-term growth in net sales and operating profit contribute positively to its recent movement. Conversely, the reduction in promoter confidence, with a 20.33% decrease in their stake, raises concerns about the company's future prospects.
In the broader market context, Vishal Mega Mart's short-term performance has been weaker compared to the benchmark Sensex, which has declined by only 1.03% over the past week. Despite this, the stock has shown resilience with a year-to-date return of 28.50%, significantly outperforming the Sensex's 4.09% gain. This indicates that while the stock is currently rising, it is doing so in a market environment that has seen mixed performance, suggesting that specific company factors are driving its upward movement despite broader market challenges.