Why is IIFL Capital falling/rising?

As of 20-Jun, IIFL Capital Services Ltd is experiencing a decline in its stock price, currently at Rs 322.50, which reflects a decrease of Rs 14.5 or 4.3%. Today's price summary indicates that the stock has underperformed its sector by 5.87%, with an intraday high of Rs 343.9 and a low of Rs 319.7, showcasing high volatility with an intraday fluctuation of 5.25%. Over the past week, the stock has decreased by 5.55%, while it has shown a positive return of 18.05% over the past month. Despite a strong long-term fundamental strength, with a return on equity of 24.86% and healthy growth in operating profit, the recent quarterly performance has been disappointing, with significant declines in profit before tax, profit after tax, and net sales compared to previous quarters.
In the broader market context, the stock's short-term performance has lagged behind the Sensex, which has gained 1.59% over the past week. While IIFL Capital has outperformed the benchmark over longer periods, including a 47.03% return over the past year, the recent quarterly results have raised concerns among investors, contributing to the current decline in stock price. The high institutional holdings at 23.29% suggest that informed investors are closely monitoring the company's fundamentals, which may influence market sentiment and trading behavior in the short term.