Why is Edelweiss.Fin. falling/rising?

As of 09-Sep, Edelweiss Financial Services Ltd is currently priced at 115.40, reflecting a decline of 2.25, or 1.91%. Today's price summary indicates that the stock has underperformed its sector by 2.46% and has experienced a trend reversal after two consecutive days of gains. The stock reached an intraday low of Rs 113.95, which is a decrease of 3.14%. Despite this drop, Edelweiss has shown strong performance over the past three years, with a remarkable 198.26% return, and has consistently outperformed the BSE500 in the last three annual periods. However, there has been a notable decline in investor participation, with delivery volume falling by 55.67% compared to the five-day average, which may contribute to the current price movement.
In the broader market context, Edelweiss has outperformed the Sensex in the short term, with a 3.82% return over the past week compared to the Sensex's 1.18%. However, the year-to-date performance shows a decline of 6.79% for Edelweiss, while the Sensex has gained 3.79%. This divergence indicates that while the stock has had strong historical returns, its recent performance has been lackluster, particularly in the face of declining investor interest and liquidity concerns. The high institutional holdings at 29.09% suggest that there is confidence in the company's fundamentals, but the current market dynamics may be weighing on the stock's price.