Why is IIFL Capital falling/rising?

As of 26-Sep, IIFL Capital Services Ltd is experiencing a decline in its stock price, currently at Rs 274.50, which reflects a decrease of Rs 14.4 or 4.98%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in an overall decline of 8.01% during this period. Additionally, it has underperformed its sector by 3.45% today. The stock is trading below all its moving averages, indicating a bearish trend, and has seen a significant drop in investor participation, with delivery volume decreasing by 63.84% compared to its five-day average. Despite strong long-term fundamentals, including a solid return on equity and healthy operating profit growth, the recent flat results and a decline in profit before tax have contributed to the stock's negative movement.
In the broader market context, IIFL Capital's short-term performance has been notably worse than the benchmark, with a one-week return of -4.41% compared to the Sensex's -2.66%. Over the past month, the stock has declined by 10.88%, while the Sensex has only decreased by 0.45%. This stark contrast highlights the stock's struggles relative to the market. Although the company has high institutional holdings and a fair valuation, the recent flat results and declining investor interest have overshadowed these positive aspects, leading to a continued downward trend in its stock price.