Why is IIFL Capital falling/rising?

As of 28-Aug, IIFL Capital Services Ltd is experiencing a decline in its stock price, currently at 302.00, which reflects a decrease of 6.0 or 1.95%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 7.72% over the past week. Although the stock has shown a positive return of 9.82% over the past year, it has recently underperformed its sector by 0.88%. The stock's performance is also characterized by its moving averages, which indicate it is currently lower than the 5-day, 20-day, and 50-day moving averages, despite being higher than the 100-day and 200-day moving averages. Additionally, the stock has a strong long-term fundamental strength with a healthy return on equity and growth in operating profit, which suggests potential for recovery in the future.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark Sensex, which has only declined by 2.34% over the same week. This stark contrast highlights the stock's recent struggles despite its long-term outperformance, where it has significantly outpaced the benchmark over three years and one year. The rising investor participation, indicated by an increase in delivery volume, suggests some interest in the stock, but the overall market sentiment appears to be weighing heavily on its price. The high institutional holdings may provide some stability, as these investors typically have better resources to analyze the company's fundamentals, but the recent price movement reflects a cautious outlook in the short term.