Why is IIFL Capital falling/rising?

As of 23-Jul, IIFL Capital Services Ltd is experiencing a decline in its stock price, currently at 324.15, which reflects a decrease of 2.05 or 0.63%. The stock has underperformed its sector by 1.17% today and has fallen after two consecutive days of gains. In the past week, the stock has decreased by 2.23%, and over the last month, it has dropped by 3.28%. Despite a strong long-term performance with a 69.49% return over the past year and impressive growth metrics such as a 24.86% average Return on Equity (ROE) and a 29.62% annual growth rate in operating profit, recent quarterly results show significant declines in profit before tax, profit after tax, and net sales compared to previous quarters, which may be contributing to the current price drop.
In the broader market context, the Sensex has shown a slight increase of 0.11% over the past week, contrasting with IIFL Capital's decline. This indicates that while the overall market is stable or improving, IIFL Capital is facing specific challenges that are affecting its stock negatively. The stock's performance has been strong in the long term, outperforming the BSE500 over various periods, but the recent quarterly financial results may have raised concerns among investors, leading to the current downward movement in price.