Why is IIFL Capital falling/rising?

As of 28-Jul, IIFL Capital Services Ltd is experiencing a decline in its stock price, currently at Rs 300.80, which reflects a decrease of Rs 6.1 or 1.99%. The stock has underperformed its sector by 0.62% today and has been on a downward trend for the last two days, accumulating a total loss of 7.3% during this period. Additionally, the stock's performance over the past week shows a decline of 6.00%, while it has decreased by 13.31% over the past month. Despite a strong long-term fundamental strength indicated by a 24.86% average Return on Equity (ROE) and a healthy 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 negative sentiment.
In the broader market context, IIFL Capital's short-term performance contrasts with the benchmark Sensex, which has declined by 1.59% over the past week. While the stock has shown impressive long-term growth, outperforming the BSE500 over various periods, the recent quarterly earnings report has raised concerns among investors. The high institutional holdings at 22.15% suggest that informed investors are closely monitoring the company's fundamentals, which could influence trading behavior. Overall, the combination of disappointing quarterly results and the stock's recent underperformance relative to the sector appears to be driving the current decline in IIFL Capital's stock price.