Why is Redington falling/rising?

As of 07-Aug, Redington Ltd's stock price is currently at 243.20, reflecting an increase of 4.05 or 1.69%. Today's performance indicates that the stock has outperformed its sector by 0.6%. However, it is important to note that the stock has shown a decline of 2.78% over the past week and a significant drop of 21.51% over the past month. While the stock is trading above its 200-day moving average, it remains below its shorter-term moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 41.56% compared to the 5-day average. Despite these short-term challenges, the stock has demonstrated strong long-term fundamentals, including a 17.15% CAGR growth in operating profits and a high return on capital employed, which suggests a solid profitability profile.
In the broader market context, Redington's performance contrasts with the benchmark Sensex, which has only declined by 0.69% over the past week and 3.38% over the past month. The stock has managed to generate a return of 26.67% over the past year, significantly outperforming the market's negative return of -1.34% during the same period. This strong performance is bolstered by high institutional holdings at 79.29%, indicating confidence from larger investors. However, the company faces risks, including flat results in recent quarters and a decline in profits, which could impact future performance. Overall, while the stock is currently rising, it is essential to consider both its strong fundamentals and the recent negative trends in short-term performance.