Why is IIFL Capital falling/rising?

As of 26-Aug, IIFL Capital Services Ltd is experiencing a decline in its stock price, currently at Rs 308.00, which reflects a decrease of Rs 14.15 or 4.39%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.88% during this period. Today's trading saw the stock touch an intraday low of Rs 307, and it has underperformed its sector by 2.44%. Additionally, the stock's recent performance shows a 7.23% decline over the past week, while it has a modest gain of 0.36% over the past month. Despite a strong long-term fundamental strength indicated by a 24.86% average Return on Equity (ROE) and healthy growth in operating profit, the stock's recent movement is negatively affected by falling investor participation, as evidenced by a significant drop in delivery volume.
In the broader market context, the finance/NBFC sector has also seen a decline of 2.01%, contributing to the stock's downward pressure. Compared to the benchmark Sensex, which has fallen by only 1.05% over the past week, IIFL Capital's performance is notably weaker. While the stock has shown strong long-term growth with a 14.18% return over the past year and has outperformed the BSE500 in various time frames, the current short-term trends indicate a struggle against both sector and market movements. This combination of factors suggests that while the company has solid fundamentals, its recent price decline is influenced by broader market conditions and reduced investor activity.