Why is Redington falling/rising?

As of 15-Sep, Redington Ltd's stock price is currently at 241.70, reflecting a decrease of 1.45, or 0.6%. Today's performance indicates that the stock has underperformed its sector by 0.57%. The stock is trading above its 5-day and 20-day moving averages but below its longer-term moving averages (50-day, 100-day, and 200-day). Additionally, there has been a notable decline in investor participation, with delivery volume falling by 28.12% compared to the 5-day average. Despite a strong long-term fundamental outlook, including a 17.15% CAGR growth in operating profits and a low debt-to-EBITDA ratio, the stock's recent performance has been impacted by a 6.7% decline in profits over the past year.
In the broader market context, while Redington has outperformed the market with a 26.64% return over the past year, the benchmark Sensex has seen a decline of 1.33%. This indicates that despite the stock's strong fundamentals and high institutional holdings, the recent price drop may be attributed to short-term market pressures and a decrease in investor engagement. The stock's performance over the past week shows a slight decline of 0.41%, contrasting with the Sensex's gain of 1.24%, further highlighting the stock's current struggles relative to the broader market.