Why is IIFL Finance falling/rising?

As of 07-Aug, IIFL Finance Ltd's stock price is currently at 454.25, reflecting an increase of 1.7, or 0.38%. The stock has been gaining for the last two days, with a total return of 3.84% during this period. However, it has experienced a decline of 4.57% over the past week and 6.64% over the past month. The stock's performance today is in line with its sector, although it touched an intraday low of Rs 441.1, indicating some volatility. Despite this, the stock maintains strong long-term fundamentals, evidenced by an average Return on Equity (ROE) of 14.71% and high institutional holdings at 34.71%, which have increased by 1.14% over the previous quarter.
In the broader market context, IIFL Finance's recent short-term performance contrasts with the benchmark Sensex, which has declined by only 0.69% over the past week and 3.38% over the past month. This suggests that while IIFL Finance has faced more significant short-term challenges, its year-to-date return of 9.74% still outpaces the Sensex's 3.18%. The falling investor participation, indicated by a 42.19% drop in delivery volume against the 5-day average, may also contribute to the stock's recent fluctuations, despite its liquidity being sufficient for trading. Overall, the stock's recent rise can be attributed to its strong fundamentals and institutional support, even as it navigates short-term market pressures.