Why is Angel One falling/rising?

As of 08-Aug, Angel One Ltd's stock price is currently at 2,553.75, reflecting a decline of 90.8 points or 3.43%. The stock has underperformed its sector today by 2.72% and has experienced a trend reversal after two consecutive days of gains, touching an intraday low of Rs 2,544.5. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a strong long-term fundamental strength with an average Return on Equity (ROE) of 34.63% and healthy growth in net sales and operating profit, the company has reported negative results for the last two quarters, with a significant fall in net sales and profit after tax. This decline in financial performance, coupled with a reduction in promoter confidence as they decreased their stake by 6.58%, has contributed to the stock's recent downward movement.
In the broader market context, Angel One's short-term performance shows a 1-week decline of 0.55%, which is better than the Sensex's decline of 0.92% over the same period. However, the stock has underperformed in the longer term, with a year-to-date drop of 12.91% compared to the Sensex's gain of 2.20%. While the stock has generated an 18.66% return over the past year, the overall negative trends in recent quarters and the falling investor participation suggest a cautious outlook among investors, impacting the stock's price negatively.