Why is Edelweiss.Fin. falling/rising?

As of 22-Aug, Edelweiss Financial Services Ltd is experiencing a decline in its stock price, currently at Rs 93.70, reflecting a decrease of Rs 2.9 or 3.0%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.78% during this period. Although it opened with a gain of 2.38% today and reached an intraday high of Rs 98.9, it also touched a low of Rs 93.5. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a fair valuation with a return on equity of 9 and high institutional holdings at 29.09%, the stock's profits have decreased by 5.2% over the past year, contributing to its recent price movement.
In the broader market context, Edelweiss Financial Services Ltd has underperformed compared to the Sensex, which has gained 0.88% over the past week while the stock itself has dropped by 2.24%. Over the last month, the stock has seen a significant decline of 17.04%, contrasting with the Sensex's slight decrease of 1.07%. This disparity highlights the stock's struggles relative to the market, compounded by a recent trend of rising investor participation, as indicated by a 14.06% increase in delivery volume. The liquidity of the stock remains adequate for trading, but the overall negative performance metrics suggest challenges ahead for Edelweiss Financial Services Ltd.