Why is Angel One falling/rising?

As of 28-Aug, Angel One Ltd's stock price is currently at Rs 2,260.30, reflecting a decline of Rs 84.7 or 3.61%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total drop of 16.59% during this period. 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 strong long-term fundamentals, including a high Return on Equity (ROE) of 34.63% and significant growth in net sales and operating profit, the company has faced negative results in recent quarters, with net sales declining by 12.91%. This has contributed to a lack of investor confidence, further exacerbated by promoters reducing their stake in the company by 6.58%.
In the broader market context, Angel One's performance has been notably worse than the benchmark Sensex, which has only declined by 2.34% over the past week, while Angel One has dropped by 10.98%. This stark contrast highlights the stock's significant underperformance relative to the market. The recent negative financial results, including substantial falls in profit before tax and profit after tax, have likely led to increased selling pressure, as evidenced by the stock's performance today, which underperformed its sector by 2.54%. Overall, the combination of declining sales, reduced promoter confidence, and a bearish trend in stock price has contributed to Angel One's current downward trajectory.