Why is Anand Rathi Wea. falling/rising?

As of 01-Aug, Anand Rathi Wealth Ltd is experiencing a decline in its stock price, currently at Rs 2,598.00, which reflects a decrease of Rs 36.15 or 1.37%. The stock has been losing value for the last three days, with a total decline of 3.26% during this period. Despite this recent downturn, the stock has shown strong performance over the longer term, with a 24.19% increase over the past month and a remarkable 39.49% rise over the past year. However, the stock's current price is lower than its 5-day moving average, and there has been a notable drop in investor participation, with delivery volume decreasing by 29.39% compared to the 5-day average. Additionally, while the company has demonstrated strong long-term fundamentals, including a high return on equity and consistent profit growth, concerns about its expensive valuation and decreasing promoter confidence may be contributing to the recent price decline.
In the broader market context, Anand Rathi Wealth Ltd's short-term performance has been relatively stable compared to the benchmark Sensex, which has declined by 1.06% over the past week. The stock's recent performance aligns with the sector, but the overall market sentiment appears to be affecting investor confidence. The company's promoters have reduced their stake, which may signal a lack of confidence in future growth, further impacting the stock's performance. Despite the stock's impressive long-term returns, the combination of recent price declines, reduced investor participation, and concerns over valuation may be contributing to the current downward trend.