Why is IIFL Capital falling/rising?

As of 22-Sep, IIFL Capital Services Ltd is experiencing a decline in its stock price, currently at Rs 277.30, which reflects a decrease of Rs 9.85 or 3.43%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 5.94% over the past week. Additionally, the stock has touched an intraday low of Rs 265.95, indicating significant selling pressure. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend. Furthermore, there has been a notable drop in investor participation, with delivery volume decreasing by 32.91% compared to the 5-day average. While the company has strong long-term fundamentals, including a healthy return on equity and growth in operating profit, recent flat results and a decline in profit before tax have negatively impacted investor sentiment.
In the broader market context, IIFL Capital's performance has significantly lagged behind the benchmark Sensex, which has gained 0.46% over the past week, while IIFL Capital has dropped 5.94%. Over the past month, the stock has decreased by 13.94%, contrasting with a 1.05% increase in the Sensex. This underperformance highlights the challenges the company faces despite its strong institutional holdings and positive long-term growth metrics. The market's reaction to the company's recent flat quarterly results and declining profit figures may be contributing to the stock's downward trajectory, as investors reassess its short-term outlook against the backdrop of a generally positive market environment.