Why is IIFL Capital falling/rising?

As of 25-Jul, IIFL Capital Services Ltd is experiencing a decline in its stock price, currently at Rs 306.90, which represents a decrease of Rs 17.6 or 5.42%. Today's price summary indicates that the stock underperformed its sector by 3.3%, with an intraday low of Rs 305.25. Over the past week, the stock has fallen by 3.67%, and in the last month, it has decreased by 11.56%. Despite a strong long-term performance with a 63.29% return over the past year, recent quarterly results show significant declines in profit before tax, profit after tax, and net sales compared to previous averages, which may be contributing to the current downward pressure on the stock.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with the Sensex only declining by 0.36% over the same week. The finance/NBFC sector has also seen a decline of 2.12%, indicating a challenging environment for stocks in this category. Additionally, falling investor participation, as evidenced by a 33.47% drop in delivery volume, suggests reduced interest in trading the stock, which could further exacerbate its price decline. While the company has strong long-term fundamentals and high institutional holdings, the recent negative financial performance appears to be overshadowing these strengths in the current market conditions.