Why is Edelweiss.Fin. falling/rising?

As of 01-Jul, Edelweiss Financial Services Ltd is currently priced at 117.20, reflecting an increase of 1.15 (0.99%). The stock has been on an upward trend, gaining for the last three days and achieving a total return of 6.89% during this period. It has outperformed its sector by 1.13% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has shown strong performance over the past week and month, with returns of 7.52% and 8.13%, respectively. However, despite a remarkable 77.68% return over the past year, the company has faced challenges, including a decline in profits by 5.2% and negative growth in net sales at an annual rate of -0.60%. The stock is trading at a discount compared to its peers, which may attract investor interest, especially given the high institutional holdings at 31.38%, indicating confidence from larger investors.
In the broader market context, Edelweiss Financial Services Ltd has outperformed the Sensex, which has only gained 2.00% over the past week and 2.76% over the past month. This outperformance in both the short and long term, including a 280.24% return over three years, suggests that the stock is gaining traction among investors despite its recent profit declines. The increase in delivery volume by 83.92% against the 5-day average also points to rising investor participation, further supporting the stock's upward movement. Overall, while the stock has shown strong performance metrics, the underlying issues with sales and profitability could pose risks moving forward.