Why is IIFL Capital falling/rising?

As of 18-Sep, IIFL Capital Services Ltd is experiencing a decline in its stock price, currently at 289.30, which reflects a decrease of 0.95 or 0.33%. The stock has underperformed its sector by 0.66% today and has been on a downward trend for the last three days, accumulating a total loss of 1.87% during this period. Over the past week, the stock has fallen by 3.03%, and its performance over the last month shows a significant decline of 12.80%. Despite having strong long-term fundamentals, including a healthy return on equity and operating profit growth, the stock's recent performance has been negatively impacted by flat results in the last quarter and a higher decline compared to the broader market.
In the broader market context, the stock's short-term performance has lagged behind the benchmark, with the Sensex gaining 1.80% over the past week while IIFL Capital has fallen. Additionally, the stock's delivery volume has decreased significantly, indicating falling investor participation, which may further contribute to its price decline. While the company maintains high institutional holdings and a fair valuation, the recent underperformance against the market and the decline in trading activity suggest a cautious sentiment among investors.