Why is IIFL Capital falling/rising?

As of 19-Sep, IIFL Capital Services Ltd is experiencing a decline in its stock price, currently at 287.25, reflecting a decrease of 2.05 or 0.71%. The stock has underperformed its sector by 0.56% today and has been on a downward trend for the last four days, accumulating a total decline of 2.56% during this period. Over the past week, the stock has fallen by 1.96%, and its performance over the last month shows a significant drop of 13.48%. Although the company has strong long-term fundamentals, including a robust average Return on Equity (ROE) of 24.86% and healthy operating profit growth, recent flat results and a notable decline in profit before tax have negatively impacted investor sentiment.
In the broader market context, the Sensex has shown a positive return of 0.88% over the past week, contrasting sharply with IIFL Capital's recent performance. This divergence indicates that while the overall market is gaining, IIFL Capital is struggling, which may be contributing to its falling stock price. Additionally, the stock's liquidity appears to be decreasing, with a significant drop in delivery volume, suggesting waning investor interest. The high institutional holdings at 22.15% may provide some stability, but the recent flat results and declining participation could be overshadowing these strengths, leading to the stock's current downward trajectory.