Why is IIFL Finance falling/rising?

As of 15-Jul, IIFL Finance Ltd is currently priced at 524.75, reflecting a rise of 1.35 or 0.26%. Despite this increase, the stock has shown mixed performance today, having opened with a loss of 5.28% and touched an intraday low of Rs 495.75. Over the past week, the stock has gained 4.39%, significantly outperforming the Sensex, which declined by 1.36%. However, it is important to note that the stock has underperformed its sector by 0.55% today, and there has been a notable decrease in investor participation, with delivery volume falling by 32.39% against the five-day average. The stock's long-term fundamentals remain strong, with a return on equity of 14.71%, and high institutional holdings at 33.57%, indicating confidence from larger investors.
In the broader market context, IIFL Finance's performance has been robust over the longer term, with a year-to-date return of 26.77% compared to the Sensex's 5.67%. This strong performance is contrasted by the stock's recent volatility, as it opened lower today and experienced a significant intraday drop. The stock's ability to maintain higher trading levels than its moving averages suggests underlying strength, but the recent decline in delivery volume may raise concerns about short-term investor sentiment. Overall, while the stock has shown resilience and strong long-term fundamentals, the recent price movements indicate a cautious outlook in the short term.