Why is IIFL Capital falling/rising?

As of 25-Aug, IIFL Capital Services Ltd is experiencing a slight decline in its stock price, currently at 322.15, with a change of -0.05, representing a decrease of -0.02%. The stock has been losing value for the last two days, with a total return of -1.56% during this period. Despite this short-term decline, the stock has shown a positive performance over the past month, with a return of +4.97%. However, it has underperformed the benchmark Sensex in the short term, with a 1-week return of -2.89% compared to the Sensex's +0.45%. The stock's delivery volume has also decreased significantly, falling by -41.68% against the 5-day average, indicating a drop in investor participation.
In the broader market context, while IIFL Capital has demonstrated strong long-term fundamentals, including an average Return on Equity (ROE) of 24.86% and healthy operating profit growth, its recent performance has been affected by declining investor interest. The stock has outperformed the BSE500 over the last year and three years, generating a return of +16.72% in the past year. However, the current decline may reflect a temporary market sentiment shift, as the stock is currently trading below its 5-day and 50-day moving averages, despite being above its longer-term averages. The high institutional holdings at 22.15% suggest that informed investors still see value in the stock, which may provide some support against further declines.