Why is Vishal Mega Mart falling/rising?

As of 01-Aug, Vishal Mega Mart Ltd's stock price is currently at 141.05, reflecting an increase of 1.5, or 1.07%. The stock has been on an upward trend, gaining for the last four days and achieving a total return of 6.21% during this period. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Despite a slight decline in delivery volume, the company demonstrates a robust ability to service debt with a low Debt to EBITDA ratio of 0.57 times and has shown healthy long-term growth with net sales increasing at an annual rate of 20.20%. However, concerns arise from a flat performance in March 25 and a significant reduction in promoter confidence, as they have decreased their stake by 20.33% over the previous quarter.
In the broader market context, Vishal Mega Mart's stock has outperformed the benchmark Sensex, which has declined by 1.06% over the past week while the stock itself has risen by 0.86%. Over the past month, the stock has increased by 7.02%, contrasting with the Sensex's drop of 3.70%. Year-to-date, the stock has shown a remarkable gain of 32.69%, significantly outperforming the Sensex's modest increase of 3.15%. This strong performance relative to the benchmark suggests that investor sentiment remains positive towards Vishal Mega Mart, despite some underlying concerns regarding promoter confidence and valuation metrics.