Why is IIFL Capital falling/rising?

As of 22-Aug, IIFL Capital Services Ltd is experiencing a decline in its stock price, currently at Rs 322.20, which reflects a decrease of Rs 5.05 or 1.54%. Today's price summary indicates that the stock underperformed its sector by 1.1%, with an intraday low of Rs 319.75, marking a drop of 2.29%. Despite having higher prices than the 20-day, 100-day, and 200-day moving averages, it is currently lower than the 5-day and 50-day moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 30.59% compared to the 5-day average. Over the past week, the stock has shown a positive return of 2.60%, but it has underperformed over the past month with a decline of 1.23% compared to the benchmark Sensex, which has also decreased by 1.07%.
In the broader market context, while IIFL Capital has shown strong long-term performance with a 23.78% return over the past year and impressive growth metrics such as a 28.71% annual increase in operating profit, its recent price movement reflects a combination of short-term volatility and reduced trading activity. The stock's high institutional holdings at 22.15% suggest confidence from knowledgeable investors, yet the recent decline may indicate market corrections or profit-taking. Overall, while the stock has demonstrated robust long-term fundamentals, the current dip in price and investor participation may be contributing to its recent underperformance relative to the benchmark.