Why is Angel One falling/rising?

As of 02-Sep, Angel One Ltd's stock price is currently at 2,277.30, reflecting an increase of 5.6 or 0.25%. The stock has shown a positive performance today, outperforming its sector by 0.38% and has been gaining for the last two days, with a total return of 3.07% during this period. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the longer term. Despite the recent gains, the stock has experienced a significant decline over the past month and year, with returns of -11.31% and -11.04%, respectively. The company's financial performance has been concerning, with a fall in net sales and profits over the last two quarters, leading to negative results that have impacted investor sentiment.
In the broader market context, Angel One's short-term performance has been notably worse than the benchmark Sensex, which has only declined by 0.78% over the past week. The company's declining promoter confidence, as evidenced by a 6.58% reduction in their stake, further suggests a lack of optimism regarding its future prospects. While the stock has strong long-term fundamentals, including a high return on equity and significant growth in net sales and operating profit, the recent negative financial results and falling investor participation may overshadow these strengths, contributing to the stock's volatility and recent price movements.