Why is Angel One falling/rising?

As of 23-Jun, Angel One Ltd's stock price is currently at 2,934.45, reflecting an increase of 101.35, or 3.58%. The stock has shown a positive trend today, outperforming its sector by 3.05% and achieving a consecutive gain over the last two days with a total return of 5.48%. Despite opening with a loss of 2.56%, it reached an intraday high of Rs 2,943, indicating some volatility. Over the past week, the stock has slightly outperformed the Sensex, with a return of 0.05% compared to the benchmark's 0.12%. However, it has experienced a decline of 4.73% over the past month, while it has generated a notable 12.17% return over the last year, significantly outperforming the BSE 500 in the same period. The stock's strong long-term fundamentals, highlighted by a high average Return on Equity (ROE) of 34.63% and impressive growth rates in net sales and operating profit, contribute positively to its recent performance.
In the broader market context, while Angel One's short-term performance has been mixed, it has managed to maintain a positive trajectory in the longer term, particularly over the past three years, where it has achieved a remarkable return of 156.92%. This is in contrast to the Sensex, which has returned 56.69% over the same period. The stock's liquidity is also favorable, with a significant increase in delivery volume, suggesting rising investor participation. The high institutional holdings at 27.33% indicate confidence from more sophisticated investors, which may support the stock's price stability and growth potential moving forward.