Why is Redington falling/rising?

As of 25-Aug, Redington Ltd's stock price is currently at 244.10, reflecting a rise of 0.45 (0.18%). The stock has been gaining for the last two days, with a total increase of 0.66% during this period. In the past week, Redington has outperformed the sector by 0.58%, and it has shown a strong year-to-date return of 22.14%. However, the stock has experienced a significant decline of 17.06% over the past month, despite its strong long-term fundamentals, including a 17.15% CAGR growth in operating profits and a low debt to EBITDA ratio of 0.41 times. The high institutional holdings at 79.29% suggest confidence from larger investors, although recent profit figures indicate some challenges, with a 22.91% decline in PAT over the latest six months.
In the broader market context, Redington's recent performance contrasts with the benchmark, as it has generated a return of 17.07% over the past year while the BSE500 has seen negative returns of -2.11%. This indicates that Redington has been able to maintain a strong performance relative to the market despite some recent volatility. The stock's liquidity remains adequate for trading, but a decline in delivery volume suggests a potential decrease in investor participation. Overall, while the stock has shown resilience and strong fundamentals, the recent price movements reflect a complex interplay of positive long-term growth potential and short-term profit challenges.