Why is Angel One falling/rising?

As of 13-Oct, Angel One Ltd's stock price is currently at 2,351.30, reflecting an increase of 48.25, or 2.1%. The stock has been on a positive trajectory, gaining for the last three days and achieving a total return of 6.02% during this period. It outperformed its sector by 1.17% today, with an intraday high of Rs 2365, although it also experienced a low of Rs 2256. Despite a year-to-date decline of 19.82%, the stock has shown strong short-term performance, with a 3.87% increase over the past week and a 5.59% increase over the past month. The company has strong long-term fundamentals, with an average Return on Equity (ROE) of 34.63% and healthy growth in net sales and operating profit, but it has faced challenges with declining profits and negative results in recent quarters, which may impact investor sentiment.
In the broader market context, Angel One's recent performance has significantly outpaced the benchmark Sensex, which has only increased by 0.66% over the past week. This indicates that while the stock has been rising, it is doing so in a market that is relatively flat. However, the company's long-term performance has been underwhelming, with a -12.99% return over the past year, which contrasts sharply with the Sensex's 5.36% gain during the same period. Additionally, the reduction in promoter confidence, as evidenced by a 6.58% decrease in their stake, may contribute to a cautious outlook among investors despite the recent price increase.