Why is IIFL Capital falling/rising?

As of 04-Aug, IIFL Capital Services Ltd's stock price is currently at Rs 316.80, reflecting an increase of Rs 4.6 or 1.47%. The stock has shown a trend reversal, gaining after three consecutive days of decline, and reached an intraday high of Rs 322.5, which is a 3.3% increase. Despite this positive movement today, the stock has experienced a decline of 8.78% over the past month, although it has generated a significant return of 49.36% over the past year. The company maintains strong long-term fundamentals, with an average Return on Equity (ROE) of 24.86% and healthy operating profit growth at an annual rate of 28.71%. However, there has been a notable decrease in investor participation, with delivery volume falling by 47.16% against the 5-day average, which may impact short-term sentiment.
In the broader market context, IIFL Capital's recent performance has outpaced the benchmark Sensex, which has only increased by 0.16% over the past week. The stock's strong long-term performance, including a 366.23% increase over the past three years, indicates its resilience compared to the broader market, which has grown by 38.97% in the same period. Despite the recent volatility and a decline in short-term returns, the high institutional holdings at 22.15% suggest confidence from larger investors, who typically have more resources to analyze the company's fundamentals. This combination of strong long-term growth potential and institutional backing may provide a foundation for future price stability and growth, even amidst short-term fluctuations.