Why is Angel One falling/rising?

As of 22-Aug, Angel One Ltd's stock price is currently at 2,518.65, reflecting a decrease of 20.4 points or 0.8%. The stock has underperformed its sector today by 0.36% and has been on a downward trend, losing 7.06% over the last two days. It is trading below all key moving averages, indicating a bearish sentiment. The company has reported negative results in the last two quarters, with net sales falling by 12.91% and operating profit at its lowest level. Additionally, the promoters have reduced their stake by 6.58%, which may signal a lack of confidence in the company's future prospects. Despite strong long-term fundamentals, including a high return on equity and significant growth in net sales and operating profit historically, the recent financial performance has led to a decline in stock price.
In the broader market context, Angel One's performance over the past week shows a decline of 4.58%, while the Sensex has increased by 0.88%, indicating a significant underperformance relative to the benchmark. Over the past month, the stock has decreased by 10.21%, contrasting with a slight decline of 1.07% in the Sensex. This disparity highlights the challenges faced by Angel One amidst a generally stable market environment. The combination of declining sales, reduced promoter confidence, and negative quarterly results has contributed to the stock's downward trajectory, despite its historical growth and strong fundamentals.