Why is Vishal Mega Mart falling/rising?

As of 18-Aug, Vishal Mega Mart Ltd is currently priced at 147.05, reflecting an increase of 0.55 (0.38%). The stock has been on an upward trend, gaining for the last three days and achieving a total return of 5.04% during this period. Despite underperforming its sector by 4.35% today, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance relative to its historical price levels. Additionally, the company has demonstrated a robust ability to service debt, with a low Debt to EBITDA ratio of 0.57 times, and has reported impressive growth in net sales and operating profit, contributing positively to investor sentiment.
In the broader market context, Vishal Mega Mart's 1-week return of 3.52% significantly outpaces the Sensex's return of 0.83%, showcasing its strong performance relative to the benchmark. Over the past month, the stock has risen by 6.52%, while the Sensex has declined by 0.59%, further highlighting its resilience. The retail sector has also seen gains of 4.65%, which may be contributing to the positive momentum for Vishal Mega Mart. Overall, the combination of strong financial performance, increasing investor participation, and favorable market conditions appears to be driving the stock's recent upward movement.