Why is Angel One falling/rising?

As of 01-Aug, Angel One Ltd's stock price is currently at 2,567.80, reflecting a decrease of 22.2 points or 0.86%. The stock has been experiencing a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 2.88% during this period. Despite touching an intraday high of Rs 2,650.9 today, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The recent performance shows a significant drop in net sales and profit after tax, with the company reporting negative results for the last two consecutive quarters. Additionally, a decrease in promoter stake by 6.58% indicates reduced confidence in the company's future, contributing to the stock's decline.
In the broader market context, Angel One's short-term performance has been notably worse than the benchmark, with a 1-week return of -5.28% compared to the Sensex's -1.06%. While the stock has outperformed the sector today by 0.62%, its year-to-date performance is concerning, showing a decline of 12.43% against a positive return of 3.15% for the Sensex. Despite the company's strong long-term fundamentals, including a high return on equity and healthy growth rates, the recent negative financial results and declining promoter confidence have overshadowed these strengths, leading to a bearish sentiment surrounding the stock.