Why is Vishal Mega Mart falling/rising?

As of 04-Sep, Vishal Mega Mart Ltd is experiencing a price increase, currently at Rs 151.40, which reflects a rise of Rs 4.7 or 3.2%. The stock has shown strong performance recently, gaining 3.42% over the last two days and outperforming its sector by 1.55%. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Despite a recent drop in investor participation, with delivery volume falling by 84.85% against the 5-day average, the company's strong financials, including a low Debt to EBITDA ratio of 0.57 times and impressive growth in net sales and operating profit, contribute to its upward momentum.
In the broader market context, Vishal Mega Mart's 1-month return of 6.92% significantly outperforms the Sensex, which has seen a decline of 0.37% in the same period. Year-to-date, the stock has surged by 42.43%, while the benchmark has only increased by 3.30%. This strong relative performance suggests that investor sentiment towards Vishal Mega Mart remains positive, bolstered by healthy financial results and growth prospects, even as the overall market shows mixed signals.