Why is Angel One falling/rising?

As of 08-Sep, Angel One Ltd's stock price is currently at Rs 2,344.00, reflecting an increase of Rs 46.25 or 2.01%. The stock has shown a positive performance today, outperforming its sector by 1.69% and achieving a consecutive gain over the last two days with a total return of 3.63%. Despite this recent uptick, the stock has experienced a decline of 8.21% over the past month and a year-to-date drop of 20.07%. The company has strong long-term fundamentals, with an average Return on Equity (ROE) of 34.63% and significant growth in net sales and operating profit. However, it has faced challenges with a 12.91% fall in net sales and negative results over the last two quarters, which have contributed to a decline in investor confidence, as evidenced by a 6.58% reduction in promoter stake.
In the broader market context, Angel One's short-term return of 3.18% over the past week significantly outpaces the Sensex, which has only increased by 0.53% during the same period. This indicates that while the stock is currently rising, it has been underperforming in the longer term compared to the benchmark, with a year-to-date decline of 20.07% against the Sensex's gain of 3.39%. The recent positive movement may reflect a temporary rebound amidst ongoing concerns regarding the company's financial performance and reduced promoter confidence, which could affect future stock performance.