Why is Edelweiss.Fin. falling/rising?

As of 11-Aug, Edelweiss Financial Services Ltd is experiencing a decline in its stock price, currently at Rs 93.50, which reflects a decrease of Rs 2.05 or 2.15%. The stock has underperformed its sector by 2.84% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 4.59%. Additionally, the stock has touched an intraday low of Rs 91.85, indicating significant selling pressure. Over the past week, the stock has declined by 6.08%, and year-to-date, it has fallen by 24.47%, contrasting with a positive return of 14.71% over the past year. Despite high institutional holdings at 29.09% and consistent returns over the last three years, these factors have not been sufficient to counteract the recent negative momentum.
In the broader market context, the stock's short-term performance has significantly lagged behind the benchmark, with the Sensex only declining by 0.51% over the past week. This stark contrast highlights the stock's struggles relative to the overall market. The falling investor participation, as evidenced by an 18.59% drop in delivery volume compared to the five-day average, further exacerbates the stock's decline. While the company has demonstrated strong historical performance, the current market sentiment and technical indicators suggest a challenging environment for Edelweiss Financial Services Ltd at this time.