Why is Edelweiss.Fin. falling/rising?

As of 30-Jun, Edelweiss Financial Services Ltd is experiencing a price increase, currently at 116.05, reflecting a change of 0.9 or 0.78% upward. The stock has shown strong performance recently, outperforming its sector by 0.26% today and achieving a consecutive gain over the last two days with a total return of 5.84%. Over the past week, the stock has surged by 13.39%, and it has also outperformed the BSE 500 in the last three years, one year, and three months, generating a remarkable 77.77% return in the past year. Additionally, high institutional holdings at 31.38%, which have increased by 1.27% over the previous quarter, suggest confidence from more sophisticated investors, further supporting the stock's upward movement.
In the broader market context, Edelweiss Financial Services Ltd's short-term return of 13.39% over the past week significantly surpasses the Sensex's return of 2.09% during the same period. Despite this positive short-term performance, the company faces challenges with poor long-term growth, as evidenced by a decline in net sales and profits. The stock's valuation is considered expensive with a price-to-book ratio of 2.5, and while it has generated substantial returns over the past year, its profits have decreased by 5.2%. This combination of strong recent performance against a backdrop of long-term concerns creates a complex picture for investors.