Why is Angel One falling/rising?

As of 28-Jul, Angel One Ltd's stock price is currently at 2,608.80, reflecting a decrease of 102.2 points or 3.77%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 7.59% during this period. Today's trading saw the stock touch an intraday low of Rs 2,592.25, and it has underperformed its sector by 2.4%. Over the past week, the stock has declined by 3.70%, and over the past month, it has experienced a significant drop of 10.37%. While the company has demonstrated strong long-term fundamentals, including an average Return on Equity (ROE) of 34.63% and impressive growth rates in net sales and operating profit, recent financial results have been troubling. The company reported a 12.91% decline in net sales and a 60.9% drop in profit after tax (PAT) in the latest quarter, contributing to negative sentiment around the stock. Additionally, a reduction in promoter stake by 6.58% may indicate waning confidence in the company's future prospects.
In the broader market context, Angel One's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 1.59% over the past week. This underperformance is further highlighted by the stock's year-to-date return of -11.04%, while the Sensex has gained 3.52% in the same period. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume by 47.41% against the 5-day average suggests a lack of investor interest. Overall, while Angel One has shown strong long-term performance, the recent negative financial results and declining promoter confidence have led to a downward trend in its stock price.