Why is IIFL Finance falling/rising?

As of 11-Jul, IIFL Finance Ltd is currently priced at 519.50, reflecting a decrease of 1.6 points or 0.31%. Despite this decline, the stock has shown strong performance over the past week, with a return of 9.46%, and has outperformed its sector by 0.61% today. The stock has been trading above its moving averages for 5, 20, 50, 100, and 200 days, indicating a generally positive trend prior to this drop. However, it has experienced a trend reversal after five consecutive days of gains. The company has a solid long-term fundamental strength, evidenced by an average Return on Equity (ROE) of 14.71%, although its profits have fallen by 45.3% over the past year, which may contribute to the current price movement.
In the broader market context, IIFL Finance's performance has significantly outpaced the Sensex, which has seen a decline of 1.12% over the past week. The stock's year-to-date return of 25.50% also contrasts favorably with the Sensex's 5.58% increase. Additionally, the stock's liquidity remains strong, with a delivery volume increase of 59.79% compared to the 5-day average, suggesting rising investor participation. However, the stock is trading at a premium compared to its peers, which could be a factor in its recent price decline as investors reassess valuations amidst falling profits.