Why is Redington falling/rising?

As of 28-Aug, Redington Ltd's stock price is currently at 235.00, reflecting an increase of 1.5 (0.64%). The stock has shown a performance today that outperformed its sector by 1.13%. However, it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 3.09%, and in the last month, it has fallen by 17.88%. Despite these short-term declines, the stock has demonstrated strong long-term fundamental strength, with a 17.15% CAGR growth in operating profits and a high return on capital employed of 34.87%. However, it has faced challenges, including a recent drop in profits and flat results in the latest quarter, which may contribute to its volatility.
In the broader market context, while Redington's stock has generated a return of 14.80% over the past year, the benchmark Sensex has declined by 2.08%. This indicates that Redington has outperformed the market despite recent setbacks. The stock's high institutional holdings at 79.29% suggest confidence from larger investors, which may provide some stability. However, the overall market has been challenging, with negative returns in the BSE500 index, which could be impacting investor sentiment and contributing to the stock's recent fluctuations.