Why is Anand Rathi Wea. falling/rising?

As of 06-Aug, Anand Rathi Wealth Ltd's stock price is currently at 2,618.10, reflecting a decline of 20.55 points or 0.78%. The stock has been underperforming recently, having fallen for the last two consecutive days, resulting in a total decrease of 1.12% over this period. Today's trading saw the stock reach an intraday low of Rs 2584.8, which is a drop of 2.04%. In the context of longer-term performance, the stock has shown a positive trend with a 24.40% increase over the past month and a remarkable 45.51% rise over the last year, significantly outperforming the BSE500 index during this time. However, concerns have arisen due to a decrease in investor participation, with delivery volume dropping by 52.38% compared to the five-day average, which may indicate waning interest among investors.
In the broader market context, Anand Rathi Wealth Ltd's recent short-term performance has been less favorable compared to the benchmark Sensex, which has declined by only 1.15% over the past week. While the company has demonstrated strong long-term fundamentals, including a high return on equity and consistent profit growth, it faces challenges such as a high valuation relative to peers and a recent reduction in promoter stake, which may signal decreased confidence in the company's future prospects. These factors combined contribute to the stock's current downward movement despite its strong historical performance.