Why is Angel One falling/rising?

As of 29-Aug, Angel One Ltd's stock price is currently at Rs 2,209.50, reflecting a decline of Rs 50.8 or 2.25%. The stock has been underperforming, having fallen consecutively for the last six days, resulting in a total return of -18.47% 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 a rise in delivery volume by 30.07% against the 5-day average, the company has reported negative financial results, including a significant drop in net sales and profits over the last two quarters. This has contributed to a lack of investor confidence, further exacerbated by a decrease in promoter stake by 6.58%.
In the broader market context, Angel One's performance has been notably poor compared to the Sensex, with a 1-week return of -12.27% against the benchmark's -1.84%. Over the past month, the stock has declined by 16.43%, while the Sensex has only fallen by 1.88%. This stark contrast highlights the stock's struggles relative to the overall market. Although the company has demonstrated strong long-term fundamentals with a high return on equity and healthy growth rates in net sales and operating profit, the recent negative results and declining promoter confidence are overshadowing these strengths, leading to a downward trend in the stock price.