Why is Vishal Mega Mart falling/rising?

As of 05-Aug, Vishal Mega Mart Ltd's stock price is rising, currently at 146.75, reflecting an increase of 5.15 or 3.64%. The stock has been on an upward trend, gaining for the last six days and achieving a total return of 10.5% during this period. It hit a new 52-week high of Rs. 147.5 today and has outperformed its sector by 2.21%. Additionally, the stock has shown strong performance over the past week and month, with returns of 7.43% and 13.50%, respectively. Despite a decrease in delivery volume, the company maintains a strong ability to service debt, evidenced by a low Debt to EBITDA ratio of 0.57 times and healthy long-term growth rates in net sales and operating profit.
In the broader market context, Vishal Mega Mart's recent performance contrasts sharply with the benchmark Sensex, which has seen a decline of 0.77% over the past week and 3.26% over the past month. This indicates that the stock is gaining traction even as the overall market struggles. However, there are concerns regarding promoter confidence, as they have reduced their stake by 20.33%, which may signal potential issues ahead. Despite these negative factors, the stock's strong financial metrics and recent price movements suggest a positive outlook in the short term.