Why is IIFL Capital falling/rising?

As of 08-Aug, IIFL Capital Services Ltd is experiencing a decline in its stock price, currently at Rs 301.00, reflecting a decrease of Rs 1.6 or 0.53%. The stock has been on a downward trend, losing value for the last four consecutive days, resulting in a total decline of 5.26% during this period. Although the stock reached an intraday high of Rs 310.05, it remains lower than its recent moving averages for the 5-day, 20-day, and 50-day periods, despite being above the 100-day and 200-day moving averages. The stock's performance over the past week shows a decline of 4.08%, and over the past month, it has dropped by 10.20%. However, it has shown strong performance over the longer term, with a 44.43% increase over the past year and an impressive 341.35% rise over the last three years. There is also a notable increase in investor participation, with delivery volume rising by 171.39% against the 5-day average, indicating some interest despite the recent price drop.
In the broader market context, the stock's short-term performance has been significantly worse than the benchmark Sensex, which has only declined by 0.92% over the past week and 4.60% over the past month. This underperformance relative to the benchmark may contribute to investor sentiment surrounding IIFL Capital, as it contrasts sharply with the overall market trend. The liquidity of the stock appears adequate for trading, with a delivery volume that suggests it can support trades of Rs 0.24 crore based on 2% of the 5-day average traded value. Overall, while there are positive indicators such as rising investor participation, the stock's recent price movements and underperformance against the benchmark suggest a challenging environment for IIFL Capital.