Why is Angel One falling/rising?

As of 16-Oct, Angel One Ltd's stock price is currently at 2,479.40, reflecting an increase of 34.1 points or 1.39%. The stock has been on an upward trend, gaining for the last six consecutive days and achieving a total return of 11.8% during this period. It has outperformed its sector by 1.51% today and reached an intraday high of Rs 2,530, marking a rise of 3.46%. Despite these positive short-term movements, the stock has experienced a significant decline of 23.34% over the past year, with profits falling by 40.6%. Additionally, the company has reported negative results for the last three consecutive quarters, with net sales declining by 20.55%, which raises concerns about its future performance. The reduction in promoter stake by 6.58% also indicates a lack of confidence in the company's prospects.
In the broader market context, Angel One's short-term performance has been notably strong, with a 9.50% increase over the past week compared to a modest 1.58% rise in the Sensex. Over the last month, the stock has gained 11.17%, again outperforming the benchmark's 1.32% increase. However, despite these recent gains, the long-term outlook remains challenging, as the stock has underperformed the BSE500 over the last three years, one year, and three months. This juxtaposition of short-term gains against a backdrop of long-term underperformance and declining financial metrics suggests that while the stock is currently rising, significant concerns about its overall health and future growth persist.