Why is IIFL Capital falling/rising?

As of 28-Oct, IIFL Capital Services Ltd is experiencing a decline in its stock price, currently at Rs 369.70, which reflects a decrease of Rs 12.85 or 3.36%. Today, the stock has underperformed its sector by 3.1% and has seen a trend reversal after five consecutive days of gains. It touched an intraday low of Rs 366.5, indicating a drop of 4.2%. Despite this decline, the stock has shown strong performance over the past week, with a return of 5.51%, and an impressive 35.03% increase over the past month. The company maintains a solid long-term fundamental strength, highlighted by an average Return on Equity (ROE) of 24.86% and an annual growth rate of 28.71% in operating profit, which supports its overall valuation despite the recent price drop.
In the broader market context, IIFL Capital's recent performance contrasts with the Sensex, which has only increased by 0.24% over the past week. The stock's liquidity remains favorable, with a delivery volume increase of 168.62% compared to the five-day average, indicating rising investor participation. Additionally, the stock is trading above its moving averages across various timeframes, suggesting a generally positive trend despite today's decline. The high institutional holdings at 21.96% further reinforce confidence in the stock, as institutional investors typically have more resources to analyze the company's fundamentals than retail investors.