Why is Edelweiss.Fin. falling/rising?

As of 25-Aug, Edelweiss Financial Services Ltd is experiencing a price increase, currently at Rs 100.90, reflecting a rise of Rs 7.2 or 7.68%. The stock has shown a notable performance today, outperforming its sector by 7.87% and reversing a trend of three consecutive days of decline. It reached an intraday high of Rs 101.7, indicating strong buying interest. Despite a year-to-date decline of 18.50%, the stock has demonstrated significant growth over the last three years, with a return of 184.26%. The presence of high institutional holdings at 29.09% suggests that informed investors are backing the stock, which may contribute to its recent upward movement.
In the broader market context, the stock's short-term return over the past week is +5.43%, significantly outperforming the Sensex, which only gained 0.45% in the same period. This positive divergence indicates that investor sentiment towards Edelweiss Financial Services Ltd is improving relative to the overall market. Additionally, the rising delivery volume suggests increased investor participation, further supporting the stock's upward trajectory. However, it is important to note that while the stock has shown short-term gains, its longer-term performance remains under scrutiny due to its year-to-date decline compared to the Sensex's positive return of 4.48%.