Why is Angel One falling/rising?

As of 17-Nov, Angel One Ltd's stock price is currently at 2,846.40, reflecting an increase of 100.7, or 3.67%. The stock has shown strong performance recently, gaining 9.25% over the past week and 13.98% over the past month, significantly outperforming the Sensex, which rose by only 1.69% and 1.19% in the same periods, respectively. The stock has been on a consecutive gain streak for the last five days, reaching an intraday high of Rs 2864.1, and is trading above all key moving averages. Despite a notable decline in investor participation, with delivery volume dropping by 57.71% against the five-day average, the stock maintains strong long-term fundamentals, including a robust average Return on Equity (ROE) of 30.19% and impressive growth rates in net sales and operating profit.
In the broader market context, Angel One's recent performance stands out, particularly in the short term, where it has outperformed the benchmark index significantly. While the stock has experienced a year-to-date decline of 2.93%, it has still managed to deliver a positive return of 5.55% over the past year, contrasting with the Sensex's gain of 9.50% in the same timeframe. This indicates that, despite some volatility, Angel One is positioned well for long-term growth, supported by strong fundamentals and recent positive price movements, which may attract further investor interest moving forward.