Why is Edelweiss.Fin. falling/rising?

As of 07-Jul, Edelweiss Financial Services Ltd is experiencing a decline in its stock price, currently at 113.75, reflecting a decrease of 1.05 or 0.91%. The stock has underperformed its sector today, with a consecutive fall over the last two days resulting in a total decline of 1.77%. Despite a strong performance over the past year with a return of 75.00%, the stock's recent movement is influenced by a significant drop in investor participation, as evidenced by a 67% decrease in delivery volume compared to the five-day average. Additionally, while the stock is trading at an attractive valuation with a price-to-book ratio of 2.4 and has high institutional holdings, it faces challenges due to a decline in profits and poor long-term growth, as net sales have decreased at an annual rate of -0.60%.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -1.98% compared to the Sensex's -0.20%. Although Edelweiss has outperformed the BSE500 over the long term, the recent negative results, including a substantial drop in net sales and profits, have contributed to the stock's current downward trend. The combination of falling investor interest and disappointing financial results suggests that while the stock has had a strong historical performance, current market conditions and company fundamentals are leading to its decline.