Why is IIFL Finance falling/rising?

As of 17-Jul, IIFL Finance Ltd is currently priced at 526.95, reflecting an increase of 0.95, or 0.18%. The stock has shown strong performance recently, with a 1-week return of +1.12% and a 1-month return of +8.13%, significantly outperforming the Sensex, which has seen a decline of -1.12% over the same week. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a notable decrease in investor participation, with delivery volume dropping by -73.56% compared to the 5-day average. Despite this, the stock maintains a strong long-term fundamental strength with an average Return on Equity (ROE) of 14.71% and high institutional holdings at 33.57%, which have increased by 1.29% over the previous quarter.
In the broader market context, IIFL Finance's recent performance contrasts sharply with the Sensex, which has only gained +0.83% over the past month. The stock's year-to-date return of +27.30% also outpaces the benchmark's +5.27%, showcasing its resilience and attractiveness to investors despite a recent decline in profit margins. While the stock is trading at a premium compared to its peers, the significant drop in profits by -45.3% over the past year raises concerns. Nevertheless, the strong institutional backing suggests confidence in the company's long-term prospects, which may help sustain its upward momentum in the face of fluctuating investor participation.