Why is Redington falling/rising?

As of 29-Sep, Redington Ltd's stock price is rising, currently at 291.85, reflecting an increase of 27.15 or 10.26%. Today's price summary indicates that the stock has outperformed its sector by 4.89% and has experienced a trend reversal, gaining after five consecutive days of decline. The stock reached an intraday high of Rs 300, showcasing significant volatility with an intraday fluctuation of 6.54%. Over the past week, Redington has delivered a return of 0.43%, while its one-month performance stands at an impressive 21.15%. The company's strong long-term fundamentals, including a 17.15% CAGR growth in operating profits and a low debt-to-EBITDA ratio of 0.41, contribute positively to its recent price movement. However, it is important to note that the company's profits have decreased by 6.7% over the past year, which could temper investor enthusiasm.
In the broader market context, Redington's performance contrasts sharply with the benchmark Sensex, which has declined by 2.18% over the past week and only increased by 0.70% over the past month. Despite the overall negative returns in the market, Redington has managed to generate a remarkable 55.36% return over the past year, significantly outperforming the market's decline of 6.08%. The stock's high institutional holdings at 79.29% suggest confidence from knowledgeable investors, further supporting its upward movement. However, the recent drop in delivery volume by 72.39% against the five-day average indicates a potential risk in investor participation, which could affect future price stability.