Why is Angel One falling/rising?

As of 18-Sep, Angel One Ltd's stock price is currently at 2,264.90, reflecting an increase of 16.0, or 0.71%. The stock has shown a positive performance today, outperforming its sector by 0.38% and has been gaining for the last two days, accumulating a total return of 1.56% during this period. However, despite this recent uptick, the stock has experienced a significant decline of 15.07% over the past month and a year-to-date drop of 22.76%. The company's long-term fundamentals remain strong, with an average Return on Equity (ROE) of 34.63% and healthy growth in net sales and operating profit. Nevertheless, the stock has faced challenges, including a 12.91% fall in net sales and a 60.9% decrease in profit after tax over the last quarter, which has contributed to a negative sentiment among investors.
In the broader market context, Angel One's short-term return of +2.19% over the past week has outperformed the Sensex, which has increased by 1.80% during the same period. However, the stock's long-term performance has been underwhelming, with a -13.57% return over the past year compared to a mere 0.08% increase in the Sensex. The decline in promoter confidence, evidenced by a 6.58% reduction in their stake, further exacerbates the stock's challenges, indicating potential concerns about the company's future prospects. Overall, while there are some positive indicators in the short term, the stock's recent performance is overshadowed by significant declines in sales and profits, leading to a cautious outlook among investors.