Why is IIFL Finance falling/rising?

As of 03-Jul, IIFL Finance Ltd is currently priced at 461.85, reflecting a decrease of 0.85, or 0.18%. The stock has been on a downward trend, having fallen for the last three days, resulting in a total decline of 2.43% during this period. Despite this recent downturn, the stock has shown positive performance over the past month with an increase of 8.68%, although it has underperformed the benchmark Sensex, which rose by 3.10%. The stock's long-term fundamentals remain strong, evidenced by a solid average Return on Equity (ROE) of 14.71% and high institutional holdings at 33.57%, indicating confidence from larger investors. However, the stock's recent performance has been negatively impacted by a significant drop in delivery volume, which fell by 54.83% compared to the 5-day average, and a year-over-year profit decline of 45.3%.
In the broader market context, IIFL Finance's short-term performance has lagged behind the Sensex, which has only decreased by 0.62% over the past week, while IIFL Finance has seen a sharper decline of 3.37%. This suggests that investor sentiment may be more cautious regarding IIFL Finance compared to the overall market. The stock's current trading at a premium relative to its peers' historical valuations may also be contributing to the pressure on its price, as investors reassess its value amidst falling profits. Overall, while the company has strong long-term fundamentals, the recent price movement reflects a combination of declining investor participation and short-term challenges.