Why is Edelweiss.Fin. falling/rising?

As of 17-Jul, Edelweiss Financial Services Ltd is experiencing a slight increase in its stock price, currently at 120.85, with a change of 0.1 (0.08%) up. The stock has shown strong performance recently, gaining 6.48% over the last two days and outperforming its sector by 0.41%. In the past week, it has risen by 5.36%, and over the last month, it has increased by 12.84%. Despite a year-to-date decline of 2.38%, the stock has generated an impressive return of 88.12% over the past year and has outperformed the BSE500 index in the long term. Positive factors contributing to this rise include a high institutional holding of 31.38%, which has increased by 1.27% over the previous quarter, and the stock trading at a discount compared to its peers. However, it is important to note that the company has faced challenges, such as a decline in profits by 5.2% over the past year and negative results in recent quarters.
In the broader market context, Edelweiss Financial Services Ltd has outperformed the Sensex, which has seen a decline of 1.12% over the past week while the stock rose by 5.36%. This indicates a strong performance relative to the market, particularly in the short term. The stock's liquidity is also favorable, with a significant increase in delivery volume, suggesting rising investor participation. While the stock's long-term growth prospects are tempered by negative sales growth and declining net profits, its recent price movement reflects a positive sentiment among investors, bolstered by institutional support and a favorable valuation compared to peers.