Why is Angel One falling/rising?

As of 25-Aug, Angel One Ltd's stock price is currently at 2,447.35, reflecting a decline of 71.3 points or 2.83%. The stock has been underperforming, having lost 9.69% over the last three days and is trading below all its moving averages. Additionally, it has underperformed its sector by 2.64% today. The stock's year-to-date performance shows a significant decline of 16.54%, while its one-year return is down by 4.47%. The company's recent financial results have been disappointing, with net sales falling by 12.91% and profits declining significantly, leading to negative sentiment among investors. Furthermore, the reduction in promoter stake by 6.58% may indicate a lack of confidence in the company's future prospects.
In the broader market context, while the Sensex has shown a slight increase of 0.45% over the past week, Angel One's stock has dropped by 8.23% in the same period, highlighting its underperformance relative to the benchmark. The company's long-term fundamentals remain strong, with an average return on equity of 34.63% and healthy growth rates in net sales and operating profit. However, the recent negative financial results and declining promoter confidence overshadow these strengths, contributing to the stock's downward trajectory.