Why is Angel One falling/rising?

As of 23-Sep, Angel One Ltd's stock price is currently at 2,230.00, reflecting a decrease of 17.05 points or 0.76%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 1.59% during this period. Additionally, the stock has underperformed its sector by 1.09%. Over the past week, it has shown a minimal decline of 0.01%, while its performance over the last month has been significantly worse, with a drop of 11.46%. The company has reported negative results in recent quarters, including a 12.91% fall in net sales and a substantial 60.9% decrease in profit after tax compared to previous averages. Furthermore, the reduction in promoter stake by 6.58% indicates a lack of confidence in the company's future prospects.
In the broader market context, Angel One's performance contrasts with the Sensex, which has gained 0.98% over the past month, highlighting the stock's struggle against the benchmark. While the stock has shown a positive return of 49.42% over the last three years, its recent performance has been disappointing, with a year-to-date decline of 23.95% compared to the Sensex's 5.07% increase. This underperformance is compounded by falling investor participation, as evidenced by a 31.18% drop in delivery volume against the five-day average, suggesting a lack of market interest. Overall, these factors contribute to the stock's downward trajectory amidst a more favorable market environment.