Why is IIFL Finance falling/rising?

As of 04-Aug, IIFL Finance Ltd's stock price is currently at 447.05, reflecting an increase of 19.85, or 4.65%. The stock has shown a trend reversal, gaining after three consecutive days of decline. It outperformed its sector by 3.03% today and reached an intraday high of Rs 450.95. Despite a negative return of -9.98% over the past week and -5.80% over the past month, the stock has demonstrated strong long-term performance with a year-to-date increase of 8.00%. The stock's liquidity is adequate, with a significant rise in delivery volume, indicating increased investor participation. Additionally, the company benefits from high institutional holdings at 34.71%, which have increased by 1.14% over the previous quarter, suggesting confidence from more knowledgeable investors.
In the broader market context, IIFL Finance's recent performance contrasts with the Sensex, which has shown a slight increase of 0.16% over the past week. While the stock has underperformed the benchmark in the short term, its long-term returns of 38.15% over three years and 572.96% over five years significantly exceed the Sensex's respective returns of 38.97% and 114.97%. This long-term strength, combined with strong fundamentals indicated by an average Return on Equity (ROE) of 14.71%, supports the stock's recent upward movement despite its recent short-term challenges.