Why is IIFL Capital falling/rising?

As of 01-Aug, IIFL Capital Services Ltd is experiencing a decline in its stock price, currently at Rs 314.75, which reflects a decrease of Rs 4.25 or 1.33%. The stock has been on a downward trend, losing value for the past three days and showing a total decline of 7.03% during this period. Additionally, the stock touched an intraday low of Rs 310, indicating a significant drop. Despite having a strong long-term fundamental strength with an average Return on Equity (ROE) of 24.86% and a healthy operating profit growth rate of 28.71%, the recent performance has been overshadowed by a decrease in investor participation, as evidenced by a 32.33% drop in delivery volume compared to the five-day average.
In the broader market context, IIFL Capital's short-term performance has been relatively better than the benchmark, with a 1-week return of +2.56% compared to the Sensex's -1.06%. However, over the past month, the stock has underperformed with a decline of 10.46%, while the Sensex fell by only 3.70%. This disparity highlights the stock's recent struggles despite its long-term growth potential and high institutional holdings at 22.15%, which typically indicate confidence from more knowledgeable investors. The combination of falling investor participation and recent price declines suggests that while the company has strong fundamentals, current market sentiment may be affecting its stock performance negatively.