Why is Angel One falling/rising?

As of 24-Sep, Angel One Ltd's stock price is currently at 2,199.20, reflecting a decrease of 28.55 points or 1.28%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 2.95% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 2.21%, and it has experienced a significant year-to-date drop of 25.00%. The company's recent financial performance has been concerning, with net sales falling by 12.91% and profits declining sharply in the last two quarters, leading to a negative sentiment among investors. Furthermore, a reduction in promoter stake by 6.58% suggests diminishing confidence in the company's future prospects.
In the broader market context, Angel One's short-term performance has lagged behind the benchmark, with a 1-week return of -2.21% compared to the Sensex's -1.18%. This underperformance is indicative of broader challenges faced by the company, particularly in light of its negative financial results and declining investor confidence. Despite strong long-term fundamentals, such as a high return on equity and healthy growth rates, the recent downturn in sales and profits has overshadowed these strengths, contributing to the stock's decline. Overall, the combination of poor recent performance and negative market sentiment has led to the stock's current downward trajectory.