Why is Angel One falling/rising?

As of 04-Aug, Angel One Ltd's stock price is currently at 2,630.00, reflecting an increase of 60.2 points or 2.34%. Today, the stock has shown a trend reversal, gaining after three consecutive days of decline, and it outperformed its sector by 0.72%. The stock reached an intraday high of Rs 2634, which is a 2.5% increase. However, despite this positive movement today, the stock has experienced a decline of 5.23% over the past month and a year-to-date drop of 10.31%. The company has reported strong long-term fundamentals, with an average Return on Equity (ROE) of 34.63% and significant growth in net sales and operating profit. Nonetheless, recent negative results, including a 12.91% fall in net sales and a 60.9% drop in profit after tax, have raised concerns, compounded by a decrease in promoter confidence as they reduced their stake by 6.58%.
In the broader market context, Angel One's short-term performance has outpaced the Sensex, which has only gained 0.16% over the past week. However, the stock's year-to-date performance contrasts sharply with the Sensex's 3.69% increase, indicating that while the stock is currently rebounding, it has struggled significantly in the longer term. The declining investor participation, as evidenced by a 32.28% drop in delivery volume, suggests that market sentiment may still be cautious despite today's gains. Overall, while the stock is experiencing a temporary rise, the underlying issues related to recent financial performance and promoter confidence could continue to impact its trajectory moving forward.