Why is Fedbank Financi. falling/rising?

As of 20-Aug, Fedbank Financial Services Ltd is currently priced at Rs 134.65, reflecting a decrease of Rs 2.6, or 1.89%. The stock has recently underperformed its sector by 1.38% and touched an intraday low of Rs 133.55. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 4.34% and 6.99%, respectively. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. The company has demonstrated strong long-term fundamental strength, with a 29.70% CAGR growth in operating profits and a healthy annual growth rate of 33.40% in net sales. However, the stock's profits have fallen by 8% over the past year, which may be contributing to the current price decline.
In the broader market context, while the stock has generated a return of 14.30% over the past year, the benchmark BSE500 has seen negative returns of 1.20%, highlighting the stock's market-beating performance. The stock's recent price movement may be influenced by its high institutional holdings of 20.88%, which typically indicates strong investor confidence. However, the stock's current underperformance against its sector and the slight decline in price could reflect market corrections or profit-taking by investors after a period of strong growth. Overall, while the stock has shown resilience and strong fundamentals, the recent price drop suggests a cautious sentiment among investors.