Why is IIFL Capital falling/rising?

As of 17-Sep, IIFL Capital Services Ltd is experiencing a decline in its stock price, currently at 290.25, reflecting a decrease of 1.75 or 0.6%. The stock has underperformed its sector by 0.54% today and has been on a consecutive downward trend for the last two days, with a total decline of 1.54% during this period. Over the past week, the stock has fallen by 4.48%, and its year-to-date performance shows a significant drop of 11.18%. Despite a strong long-term fundamental strength indicated by an average Return on Equity (ROE) of 24.86% and healthy growth in operating profit, the stock's recent performance has been negatively impacted by flat results in the last quarter, where profit before tax fell by 13.7% compared to the previous four-quarter average.
In the broader market context, while the Sensex has shown a positive return of 1.56% over the past week, IIFL Capital's performance has lagged significantly, highlighting a disconnect between the stock and the overall market sentiment. The stock's liquidity appears adequate, with a delivery volume increase of 156.41% compared to its five-day average, suggesting rising investor participation despite the recent price decline. However, the stock's moving averages indicate it is currently lower than the 5-day, 20-day, 50-day, and 100-day averages, which may further contribute to bearish sentiment among investors.