Why is Redington falling/rising?

As of 21-Aug, Redington Ltd's stock price is currently at 242.50, reflecting a decrease of 3.5 points or 1.42%. Today's performance indicates that the stock has underperformed its sector by 2.59%, following a trend reversal after three consecutive days of gains. The stock's recent performance shows a 1-week return of 2.32%, but it has experienced a significant decline of 20.03% over the past month. While the stock has a strong long-term fundamental strength with a 17.15% CAGR growth in operating profits and high institutional holdings at 79.29%, it also faces challenges such as a decrease in profits by 6.7% over the past year and a flat performance in the latest quarter, which may be contributing to the current price decline.
In the broader market context, Redington's short-term performance has outpaced the Sensex, which has returned 1.74% over the past week. However, the stock's substantial 20.03% drop in the last month contrasts sharply with the Sensex's minimal decline of 0.24% during the same period. This divergence suggests that while Redington has shown resilience in the long term, recent negative financial results and a trend reversal may be weighing on investor sentiment, leading to the current price drop despite its overall market-beating performance over the past year.