Why is Edelweiss.Fin. falling/rising?

As of 13-Nov, Edelweiss Financial Services Ltd is experiencing a price increase, currently at Rs 116.70, reflecting a rise of Rs 4.3 or 3.83%. The stock has shown strong performance today, outperforming its sector by 3.85% and achieving a consecutive gain over the last three days, with a total return of 9.17% during this period. It reached an intraday high of Rs 118.3, indicating positive momentum. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bullish trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 18.51% against the 5-day average. The stock's long-term fundamentals remain strong, with a 17.58% CAGR growth in operating profits, and it is trading at a fair valuation compared to its peers, despite a recent decline in profits.
Broader market context indicates that Edelweiss Financial Services Ltd has outperformed the benchmark Sensex in the short term, with a 1-week return of +5.66% compared to the Sensex's +1.40%. Over the past month, the stock has also outperformed the benchmark, returning +6.14% against the Sensex's +2.61%. This positive performance is supported by high institutional holdings at 29.09%, which typically indicates confidence in the stock's fundamentals. Despite a year-to-date decline of -5.74%, the stock has shown resilience with a 14.41% return over the past year, outperforming the BSE500 consistently over the last three years.