Why is IIFL Capital falling/rising?

As of 11-Aug, IIFL Capital Services Ltd is experiencing a price increase, currently at 305.90, reflecting a change of 4.9 or 1.63% upward. Today's price summary indicates that the stock has outperformed its sector by 0.94% and has gained after four consecutive days of decline. Despite a recent drop in delivery volume by 41.82% against the 5-day average, the stock remains liquid enough for trading. Over the past year, IIFL Capital has generated a return of 46.75%, significantly outperforming the benchmark Sensex, which has only increased by 1.13%. The company also boasts strong long-term fundamentals, with a robust average Return on Equity (ROE) of 24.86% and healthy operating profit growth of 28.71% annually.
In the broader market context, while IIFL Capital has seen a decline of 6.60% over the past month, it has outperformed the Sensex, which fell by 2.30% in the same period. The stock's long-term performance is notable, with a staggering 346.90% increase over three years compared to the Sensex's 35.85%. High institutional holdings at 22.15% suggest that knowledgeable investors are backing the stock, contributing to its resilience despite recent volatility. Overall, the combination of strong fundamentals, recent positive price movement, and relative outperformance against the benchmark indicates a favorable outlook for IIFL Capital, even amidst short-term fluctuations.