Why is Edelweiss.Fin. falling/rising?

As of 03-September, Edelweiss Financial Services Ltd is experiencing a price increase, currently at Rs 114.55, reflecting a rise of Rs 3.4 or 3.06%. The stock has been on an upward trend, gaining for the last three days with a total return of 6.96% during this period. It has also outperformed its sector by 2.22% today. Notably, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance. Over the past week, the stock has risen by 6.21%, while it has delivered a 15.88% return over the past month. Despite a year-to-date decline of 7.47%, the stock has shown consistent returns over the last three years, outperforming the BSE500 in each of the last three annual periods, which is supported by high institutional holdings at 29.09%.
In the broader market context, while the Sensex has seen a slight decline of 0.27% over the past week and a minimal change of -0.04% over the past month, Edelweiss Financial Services Ltd's strong short-term performance stands in contrast to the benchmark. This divergence highlights the stock's resilience and appeal to investors, particularly given its consistent returns and the backing of institutional investors who possess greater analytical capabilities. However, it is worth noting that there has been a decrease in investor participation, with delivery volume falling by 24.97% against the 5-day average, which could indicate a potential concern for future trading activity.