Why is Edelweiss.Fin. falling/rising?

As of 12-Jun, Edelweiss Financial Services Ltd is experiencing a decline in its stock price, currently at Rs 107.05, reflecting a decrease of Rs 2.25 or 2.06%. The stock has underperformed its sector by 0.6% today and has been on a consecutive downward trend for the last three days, with a total decline of 5.64% during this period. The stock reached an intraday low of Rs 106, which is a drop of 3.02%. Despite a strong performance over the past year with a return of 54.72%, the company has faced challenges, including a negative growth in net sales and a decline in profits, which has contributed to a perception of poor long-term growth potential. Additionally, while institutional holdings have increased, indicating some confidence from larger investors, the overall market sentiment appears to be cautious due to recent negative financial results.
In the broader market context, the stock's short-term performance has lagged behind the benchmark, with a 1-week return of only 0.05% compared to the Sensex's 0.31% gain. Year-to-date, Edelweiss has underperformed significantly, with a decline of 13.53% against the Sensex's increase of 4.55%. This underperformance, coupled with falling investor participation and liquidity concerns, suggests that market conditions are not favorable for the stock at this time. The combination of recent financial setbacks and a lack of positive momentum in the stock's price movement has led to a bearish outlook among investors.