Why is Edelweiss.Fin. falling/rising?

As of 10-Nov, Edelweiss Financial Services Ltd is experiencing a decline in its stock price, currently at Rs 106.90, which represents a decrease of Rs 3.15 or 2.86%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total drop of 7.29% over the past week. Today's performance indicates that it has underperformed its sector by 3.4%, and it reached an intraday low of Rs 105.95. Although the stock is trading higher than its 200-day moving average, it remains below the 5-day, 20-day, 50-day, and 100-day moving averages. Despite these challenges, there is a notable increase in investor participation, with delivery volume rising by 15.81% compared to the 5-day average, and the stock maintains a liquid status for trading.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 0.53% over the past week. Year-to-date, Edelweiss has seen a significant drop of 13.65%, while the Sensex has gained 6.91%. This disparity highlights the stock's struggles relative to the overall market. However, the presence of high institutional holdings at 29.09% suggests that there are investors with substantial resources and analytical capabilities backing the stock, which may provide some support despite its recent downturn.