Why is Centum Electron falling/rising?

As of 02-Sep, Centum Electronics Ltd is currently priced at 2,784.00, reflecting a decrease of 56.0 points or 1.97%. Today's price summary indicates that the stock opened with a gain of 2.1% but subsequently fell, reaching an intraday low of Rs 2,743.65, which represents a decline of 3.39%. Despite this drop, the stock has shown strong performance over the past month, with a return of 33.60%, and has outperformed the benchmark Sensex over various periods, including a remarkable 490.71% increase over the last three years. Positive factors contributing to the stock's resilience include significant growth in profit before tax and profit after tax in the latest quarter, as well as a substantial increase in cash reserves. Additionally, institutional investors have raised their stake in the company, indicating confidence in its fundamentals.
Broader market context shows that while Centum Electronics has experienced a decline today, it has outperformed the Sensex in the short term, with a 1-week return of 2.01% compared to the benchmark's decline of 0.78%. This suggests that the stock's recent performance is relatively strong despite today's downturn. The overall market sentiment appears to be mixed, as the stock has underperformed its sector by 2.06% today, indicating some volatility. However, the long-term performance remains robust, with the stock generating significant returns over the past year and three years, which may continue to attract investor interest despite short-term fluctuations.