Why is Anand Rathi Wea. falling/rising?

As of 24-Sep, Anand Rathi Wealth Ltd is experiencing a decline in its stock price, currently at Rs 2,867.00, which reflects a decrease of Rs 106.1 or 3.57%. The stock has been underperforming, having lost 6.26% over the last four days, and it touched an intraday low of Rs 2,850, indicating significant selling pressure. Despite a strong long-term performance with a 46.41% return over the past year and consistent positive results over the last 14 quarters, the stock is facing challenges due to a high valuation and reduced promoter confidence, as evidenced by a 4.57% decrease in their stake.
In the broader market context, the stock's short-term performance has significantly underperformed the benchmark, with a 1-week return of -5.97% compared to the Sensex's -1.18%. While the stock has shown healthy long-term growth with an average return on equity of 38.37% and strong operating profit growth, the current market sentiment is impacted by concerns over its expensive valuation and the recent decline in promoter holdings, which may signal a lack of confidence in future growth.