Why is IIFL Capital falling/rising?

As of 24-Jul, IIFL Capital Services Ltd is experiencing a slight increase in its stock price, currently at 324.50, reflecting a change of 0.35, or 0.11% upward. The stock has shown a mixed performance recently, with a 1-week return of +0.60%, outperforming the Sensex, which has seen a decline of -0.09%. However, over the past month, the stock has decreased by -5.12%, while the Sensex has gained +0.16%. Despite this short-term volatility, the company has demonstrated strong long-term fundamental strength, evidenced by an average Return on Equity (ROE) of 24.86% and healthy operating profit growth at an annual rate of 29.62%. Nonetheless, there are concerns as the recent quarterly results show significant declines in profit before tax, profit after tax, and net sales compared to previous quarters, which may weigh on investor sentiment.
In the broader market context, IIFL Capital's recent performance contrasts with the overall market, as it has outperformed the benchmark indices over longer periods, including a remarkable 71.15% return over the past year compared to the Sensex's 2.54%. However, the stock's recent decline in delivery volume, which has fallen by -25.01% against the 5-day average, indicates a decrease in investor participation, potentially affecting liquidity. While high institutional holdings at 22.15% suggest confidence from more sophisticated investors, the stock's expensive valuation, indicated by a Price to Book Value ratio of 4, may also contribute to cautious trading behavior. Overall, while the stock has shown resilience in the long term, recent financial performance and declining investor interest may be contributing to its fluctuating price movement.