Why is Angel One falling/rising?

As of 12-Jun, Angel One Ltd's stock price is currently at 3,010.00, reflecting a decrease of 103.5 points, or 3.32%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 7.98% over that period. Today's trading saw the stock reach an intraday low of Rs 3004.25, and it has also experienced a significant drop in delivery volume, which fell by 39.4% compared to the five-day average. Despite strong long-term fundamentals, including a high return on equity of 34.63% and impressive growth rates in net sales and operating profit, the recent negative quarterly results have raised concerns among investors. The company reported a substantial decline in profit after tax and net sales, contributing to a perception of an expensive valuation.
In the broader market context, the stock's short-term performance contrasts sharply with the benchmark, as the Sensex has gained 0.31% over the past week while Angel One has lost nearly 8%. Although the stock has outperformed the BSE 500 over the longer term, the recent negative results and falling investor participation have overshadowed these achievements. The high institutional holdings indicate that knowledgeable investors are still backing the company, but the recent financial performance has led to increased selling pressure, resulting in the stock's current decline.