Why is IIFL Finance falling/rising?

As of 05-Aug, IIFL Finance Ltd is experiencing a decline in its stock price, currently at Rs 438.90, which represents a decrease of Rs 10.5 or 2.34%. The stock has underperformed its sector by 2.25% today and touched an intraday low of Rs 434.8, reflecting a drop of 3.25%. Over the past week, the stock has seen a significant decline of 14.73%, while its performance over the past month shows a decrease of 7.52%. Despite a year-to-date increase of 6.03%, the stock's profits have fallen by 44% over the past year, contributing to its current negative momentum. Additionally, there has been a decrease in investor participation, with delivery volume falling by 8.48% against the 5-day average, indicating reduced interest among investors.
In the broader market context, the Sensex has only declined by 0.77% over the past week, suggesting that IIFL Finance's performance is notably weaker than the market average. While the stock has shown strong long-term fundamentals with an average Return on Equity (ROE) of 14.71% and high institutional holdings at 34.71%, it is trading at a premium compared to its peers. The recent price movements and declining investor participation may reflect concerns over its profitability and valuation, despite the positive long-term outlook.