Why is Angel One falling/rising?

As of 12-Aug, Angel One Ltd's stock price is currently at 2,507.60, reflecting a decrease of 38.4 points or 1.51%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.18% during this period. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a strong long-term fundamental strength indicated by a high average Return on Equity (ROE) of 34.63% and healthy growth in net sales and operating profit, the company has faced significant challenges. The recent negative results, including a 12.91% fall in net sales and a decline in profits over the last two quarters, have raised concerns among investors. Additionally, a decrease in promoter stake by 6.58% suggests reduced 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 -3.71% compared to the Sensex's -0.59%. This underperformance is further highlighted by the stock's year-to-date decline of 14.49%, while the Sensex has gained 2.68%. The rising investor participation, indicated by an increase in delivery volume, may provide some support; however, the overall sentiment remains cautious due to the company's recent financial results and declining promoter confidence.