Why is Redington falling/rising?

As of 14-Aug, Redington Ltd's stock price is currently at Rs 237.00, reflecting a decrease of Rs 3.0 or 1.25%. Today's price summary indicates that the stock has underperformed its sector by 0.43%, with an intraday low of Rs 234.8, marking a decline of 2.17%. Over the past week, the stock has seen a return of -2.55%, and its performance over the past month has been significantly negative at -22.80%. Although the company has strong long-term fundamentals, including a 17.15% CAGR growth in operating profits and a high return on capital employed, it has faced challenges recently, such as a 6.7% decline in profits over the past year and a drop in delivery volume by 13.96% against the five-day average.
In the broader market context, while the Sensex has remained relatively flat with a return of -0.03% over the past week, Redington's short-term performance has lagged behind, indicating a more pronounced weakness. Despite the company's strong institutional holdings at 79.29% and its ability to generate a market-beating return of 19.04% over the past year, the recent flat results in profit before tax and a decline in profitability metrics have contributed to investor concerns. The stock's current trading below all major moving averages further suggests a bearish sentiment among investors, which may be influencing the recent decline in its price.