Why is Edelweiss.Fin. falling/rising?

As of 08-Jul, Edelweiss Financial Services Ltd is experiencing a price increase, currently at 115.55, reflecting a change of 1.8 or 1.58% upward. Today's price summary indicates that the stock has outperformed its sector by 1.63% and has shown a trend reversal after two consecutive days of decline, reaching an intraday high of Rs 117.7. Despite this positive movement, the stock has a mixed performance over various periods, with a 1-week decline of 1.41% and a year-to-date drop of 6.66%, although it has generated an impressive return of 80.12% over the past year. The stock is trading at a fair valuation with a Price to Book Value of 2.5 and is currently at a discount compared to its peers, despite a decline in profits by 5.2% over the same period.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has shown a slight increase of 0.02% over the past week. While Edelweiss has outperformed the BSE500 in the long term, its short-term performance has been less favorable, indicating potential volatility. The stock's liquidity remains adequate for trading, but a significant drop in delivery volume by 47.44% against the 5-day average suggests a decrease in investor participation, which could impact future price movements. Overall, while the stock has shown resilience in the long term, the recent decline in sales and profits raises concerns about its growth prospects.