Why is IIFL Finance falling/rising?

As of 25-Jul, IIFL Finance Ltd's stock price is currently at 516.75, reflecting a decrease of 11.95 points or 2.26%. The stock has been experiencing a downward trend, having fallen for the last two days with a total decline of 3.17% during this period. It reached an intraday low of Rs 511.65, and trading volume has been lower than average, with a notable 31.82% drop in delivery volume compared to the five-day average. Despite a strong long-term fundamental strength indicated by a 14.71% average Return on Equity (ROE) and a market-beating performance over the past year with a 14.05% return, the stock's profits have decreased by 45.3%, which may be contributing to the recent price decline.
In the broader market context, IIFL Finance's short-term performance has been weaker than the benchmark, with a 1-week return of -3.05% compared to the Sensex's decline of only -0.36%. The finance/NBFC sector overall has also seen a drop of 2.12%, indicating a challenging environment for stocks in this sector. While the stock has shown strong long-term performance, the recent price movements and falling investor participation suggest that market sentiment may be cautious, particularly in light of the stock trading at a premium compared to its peers and the recent decline in profits.