Why is Anand Rathi Wea. falling/rising?

As of 19-Sep, Anand Rathi Wealth Ltd's stock price is currently at 3,033.05, reflecting a decrease of 25.35 points or 0.83%. The stock has recently experienced a trend reversal after seven consecutive days of gains, and it is currently 2.04% away from its 52-week high of Rs 3,095. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 1.86% and 7.42%, respectively. However, it has underperformed its sector by 0.68% today, and there has been a notable drop in investor participation, with delivery volume falling by 40.68% compared to the five-day average. The company's strong long-term fundamentals, including a high return on equity and consistent positive results over the last 14 quarters, support its valuation, but concerns about its expensive valuation and decreasing promoter confidence may be contributing to the current price decline.
In the broader market context, Anand Rathi Wealth Ltd has outperformed the benchmark Sensex over various periods, including a 53.57% year-to-date return compared to the Sensex's 5.74%. However, the stock's recent underperformance today, coupled with a decline in investor participation, may indicate a shift in market sentiment. The stock's premium valuation relative to its peers and the reduction in promoter stake could be causing caution among investors, despite the company's strong historical performance and growth prospects.