Why is Angel One falling/rising?

As of 09-Sep, Angel One Ltd's stock price is currently at 2,335.20, reflecting a decrease of 8.8 points or 0.38%. The stock has underperformed its sector today by 0.93% and has experienced a trend reversal after two consecutive days of gains. Additionally, the stock's performance over the past week shows a modest increase of 2.54%, but it has declined by 8.56% over the past month and 20.37% year-to-date. The company's financial health is concerning, as it has reported negative results for the last two consecutive quarters, with net sales falling by 12.91%. This decline in sales, along with a significant drop in profits, has likely contributed to the stock's downward movement. Furthermore, a reduction in promoter confidence, indicated by a 6.58% decrease in their stake, may signal to investors a lack of faith in the company's future prospects.
In the broader market context, while Angel One's short-term performance has been negative, the benchmark Sensex has shown a modest gain of 1.18% over the past week and 1.56% over the past month. This stark contrast highlights the stock's underperformance relative to the market. 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 financial setbacks and declining investor participation, as evidenced by a 5.43% drop in delivery volume, suggest that investor sentiment is currently bearish, contributing to the stock's falling price.