Why is Angel One falling/rising?

As of 31-Jul, Angel One Ltd's stock price is currently at 2,590.00, reflecting a decline of 51.05 points or 1.93%. The stock has underperformed its sector by 1.39% today and has experienced a consecutive fall over the last two days, accumulating a total decline of 2.04%. Additionally, Angel One is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company has also reported a significant drop in net sales by 12.91% and a 60.9% decrease in profit after tax compared to the previous quarter average, which has contributed to negative sentiment around the stock. Furthermore, the promoters have reduced their stake by 6.58%, suggesting a lack of confidence in the company's future prospects.
In the broader market context, Angel One's short-term performance has been notably weaker than the benchmark, with a 1-week return of -7.07% compared to the Sensex's -1.22%. While the stock has shown strong long-term fundamentals with a return on equity of 34.63% and healthy growth rates in net sales and operating profit, the recent negative results and declining investor participation have overshadowed these positives. The stock's year-to-date performance is down 11.68%, contrasting sharply with the Sensex's gain of 3.90%, further highlighting the challenges faced by Angel One in the current market environment.