Why is Edelweiss.Fin. falling/rising?

As of 12-Aug, Edelweiss Financial Services Ltd is currently priced at 93.65, reflecting a slight increase of 0.15 (0.16%). The stock has shown a trend reversal by gaining after two consecutive days of decline. Despite this recent uptick, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend overall. The stock has experienced a significant decline over the past month, down 17.42%, and year-to-date it has decreased by 24.35%. However, it has outperformed the BSE500 in the last three years, generating a return of 176.99%. High institutional holdings at 29.09% suggest that knowledgeable investors are backing the stock, which may provide some stability despite its recent performance.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 1-week decline of 5.93% compared to the Sensex's 0.59% drop. This indicates that while the market has been relatively stable, Edelweiss Financial Services Ltd has struggled significantly. The rising investor participation, with a delivery volume increase of 13.82% against the 5-day average, may signal renewed interest, but the overall liquidity remains adequate for trading. The stock's ability to generate consistent returns over the last three years, alongside its recent performance, suggests that while it faces short-term challenges, its long-term potential remains recognized by institutional investors.