Why is Go Digit General falling/rising?

As of 25-Sep, Go Digit General Insurance Ltd's stock price is currently at 350.10, reflecting a decrease of 9.3 points or 2.59%. The stock has underperformed its sector today by 1.23%, touching an intraday low of Rs 349.6. In terms of returns, the stock has shown a decline of 0.79% over the past week and 5.51% over the past month, while it has a year-to-date increase of 9.71%. Despite the recent downturn, the company has demonstrated strong long-term fundamentals, with a 50.90% compound annual growth rate in operating profits and a healthy annual growth rate of 34.60% in net sales. Additionally, the company has reported positive results for the last five consecutive quarters, indicating robust operational performance.
In the broader market context, the Sensex has declined by 2.23% over the past week and 0.58% over the past month, suggesting that the stock's recent performance is somewhat aligned with the overall market trend. However, Go Digit's year-to-date performance of 9.71% outpaces the Sensex's 3.87%, indicating that while the stock is currently facing short-term challenges, it has shown resilience and growth potential in the longer term. The high institutional holdings at 22.67% further suggest confidence from more sophisticated investors, which could provide support for the stock amidst its current price decline.