Why is Vishal Mega Mart falling/rising?

As of 08-Aug, Vishal Mega Mart Ltd's stock price is currently at Rs 139.00, reflecting a decline of Rs 5.65 or 3.91%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 5.28% during this period. Today's performance indicates that it underperformed its sector by 1.85%. Despite a strong long-term growth outlook, with net sales increasing at an annual rate of 20.20% and operating profit at 28.53%, the stock is facing pressure due to flat results reported in March and a high valuation indicated by a 9 Enterprise value to capital employed ratio. Additionally, a significant reduction in promoter confidence, with a 20.33% decrease in their stake, may be contributing to the stock's downward movement.
In the broader market context, the stock's performance over the past week shows a decline of 1.45%, compared to a smaller decline of 0.92% in the Sensex, indicating that it is underperforming relative to the benchmark. However, over the past month, Vishal Mega Mart has shown a positive return of 7.01%, contrasting with the Sensex's decline of 4.60%. The retail sector as a whole has also seen a downturn, falling by 2.16%, which may be influencing the stock's recent struggles. Despite rising investor participation, as evidenced by a 10.14% increase in delivery volume, the overall sentiment appears to be weighed down by the aforementioned factors.