Why is Anand Rathi Wea. falling/rising?

As of 05-Aug, Anand Rathi Wealth Ltd's stock price is currently at 2,645.00, reflecting a decrease of 2.75, or 0.1%. The stock's performance today is in line with the sector, although it is experiencing a decline in investor participation, with delivery volume falling by 23.85% compared to the 5-day average. Despite this, the company has shown strong long-term fundamentals, with an average return on equity of 38.37% and consistent positive results over the last 14 quarters. However, the stock is considered very expensive, trading at a premium compared to its peers, and the recent reduction in promoter stake by 4.57% may indicate a lack of confidence in the company's future prospects.
In the broader market context, Anand Rathi Wealth Ltd has underperformed the benchmark Sensex in the short term, with a 1-week return of -1.51% compared to the Sensex's -0.77%. However, the stock has significantly outperformed the benchmark over longer periods, with a year-to-date return of 33.92% versus the Sensex's 3.29%. This disparity highlights the stock's strong historical performance, despite the recent decline, suggesting that while the stock may be facing short-term challenges, its long-term growth potential remains robust.