Why is Anand Rathi Wea. falling/rising?

As of 07-Aug, Anand Rathi Wealth Ltd's stock is currently priced at Rs 2,589.70, reflecting a decline of Rs 37.65 or 1.43%. The stock has been underperforming, having lost 2.19% over the last three days and underperformed its sector by 1.65% today. Despite a strong long-term performance with a 44.55% return over the past year and consistent positive results for the last 14 quarters, the stock is facing pressure due to a recent decline in investor participation, with delivery volume dropping by 46.37% against the five-day average. Additionally, the stock is trading at a premium valuation compared to its peers, which may be contributing to the recent price decline.
In the broader market context, the stock has underperformed the Sensex in the short term, with a 1-week return of -1.69% compared to the benchmark's -0.69%. While the stock has shown impressive long-term growth, the recent decrease in promoter confidence, as evidenced by a 4.57% reduction in their stake, may be causing investors to reassess their outlook on the company's future. This combination of high valuation, declining investor interest, and reduced promoter confidence is likely influencing the stock's current downward movement.