Why is IIFL Capital falling/rising?

As of 21-Jul, IIFL Capital Services Ltd is currently priced at 320.00, reflecting an increase of 1.4 (0.44%). The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite this recent uptick, the stock has underperformed its sector by 0.42% today. Over the past week, it has declined by 2.22%, while its performance over the last month shows a decrease of 0.78%. However, the stock has demonstrated strong long-term performance, with a remarkable return of 74.39% over the past year and an impressive 335.67% over the last three years. The company maintains a solid long-term fundamental strength, evidenced by an average Return on Equity (ROE) of 24.86% and a healthy operating profit growth rate of 29.62%.
In the broader market context, while IIFL Capital has outperformed the BSE500 in the long term, it has faced challenges in the short term, particularly with a significant decline in profit before tax (PBT) and net sales compared to previous quarters. The stock's recent performance contrasts with the Sensex, which has seen a slight decline of 0.06% over the past week. Additionally, high institutional holdings at 23.29% suggest that informed investors are backing the stock, which may provide some stability. However, the recent drop in key financial metrics raises concerns, indicating that while the stock has strong long-term potential, it is currently facing pressures that could affect its near-term performance.