Why is IIFL Finance falling/rising?

As of 02-Jul, IIFL Finance Ltd is experiencing a decline in its stock price, currently at Rs 462.70, which reflects a decrease of Rs 6.55 or 1.4%. The stock has been losing value for the past two days, with a total drop of 2.25% during this period. Despite a positive performance over the last month with a return of 7.74%, the stock has underperformed over the past year, showing a decline of 11.12%. The stock is currently trading above its 50-day, 100-day, and 200-day moving averages, but below its 5-day and 20-day moving averages. Additionally, there has been a rise in investor participation, with delivery volume increasing by 17.44% compared to the 5-day average, indicating some interest despite the recent price drop. The stock's fundamentals remain strong, with a solid average return on equity of 14.71%, but it has seen a significant profit decline of 45.3% over the past year, which may be contributing to investor caution.
In the broader market context, IIFL Finance's recent performance contrasts with the benchmark Sensex, which has gained 0.79% over the past week. While the stock has shown a positive return of 7.74% over the last month, it is still lagging behind the benchmark's 2.50% increase during the same period. The stock's high institutional holdings at 33.57% suggest that knowledgeable investors are maintaining their positions, as their stake has increased by 1.29% over the previous quarter. However, the stock's premium valuation compared to peers and the significant drop in profits may be causing some investors to reassess their positions, contributing to the recent price decline.