Why is VTM falling/rising?

As of 15-Jul, VTM Ltd's stock price is rising, currently at 116.77, reflecting an increase of 2.28 (1.99%). The stock has been gaining for the last two days, with a total return of 4.03% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the stock has outperformed its sector by 0.65% today. VTM Ltd has shown impressive long-term growth, with a 326.48% return over the past year and a significant annual operating profit growth of 45.68%. However, it is trading at a premium compared to its peers, which may raise concerns about its valuation.
In the broader market context, VTM Ltd's short-term performance has outpaced the Sensex, which has declined by 1.36% over the past week while VTM has fallen by 2.26%. Despite this recent dip, VTM's strong performance over the last month (+27.13%) and year-to-date (+68.30%) highlights its resilience and attractiveness to investors. The rising investor participation, evidenced by a 28.24% increase in delivery volume, suggests growing confidence in the stock. However, the lack of domestic mutual fund investment may indicate some caution among institutional investors regarding the stock's current valuation.