Why is Redington falling/rising?

As of 06-Oct, Redington Ltd's stock price is currently at 277.00, reflecting a decrease of 3.15, or 1.12%. Today's performance indicates that the stock has underperformed its sector by 1.57%. Despite being higher than the 20-day, 50-day, 100-day, and 200-day moving averages, it is lower than the 5-day moving average. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 70.62% compared to the 5-day average. Over the past week, the stock has declined by 5.09%, although it has shown strong performance over the longer term, with a 49.93% return over the past year. The company has strong long-term fundamentals, including a 17.15% CAGR growth in operating profits and a low debt-to-EBITDA ratio of 0.41 times, but it has also experienced a decline in profits of 6.7% over the past year, which may be contributing to the recent price drop.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has gained 1.77% over the past week. While Redington has outperformed the market significantly over the past year, the recent underperformance may be attributed to the overall negative sentiment in the market, as indicated by the BSE500's negative returns of 1.93% in the last year. The high institutional holdings at 79.29% suggest that knowledgeable investors are still confident in the company's fundamentals, but the recent flat results and declining profitability metrics may be causing concern among retail investors, leading to the current downward price movement.