Why is VTM falling/rising?

As of 10-Jul, VTM Ltd's stock price is currently at 114.54, reflecting a decline of 2.33, or 1.99%. The stock has been underperforming recently, having fallen for the last two consecutive days, resulting in a total drop of 4.13%. Despite this short-term decline, VTM has shown strong performance over longer periods, with a 27.04% increase over the past month and an impressive 313.80% rise over the last year. The company has consistently reported positive results, with significant growth in net sales and operating profit, which supports its long-term growth narrative. However, the stock is trading at a premium compared to its peers, indicated by a high Price to Book Value ratio, which may contribute to investor caution.
In the broader market context, VTM's recent performance contrasts with the Sensex, which has seen a slight decline of 0.06% over the past week. While VTM's short-term performance has been negative, its long-term returns significantly outperform the benchmark, suggesting that investor sentiment may be influenced by recent price movements rather than the company's overall financial health. Additionally, the falling investor participation, with a notable drop in delivery volume, may indicate a lack of confidence among investors, further contributing to the stock's recent decline.