Why is IIFL Finance falling/rising?

As of 08-Aug, IIFL Finance Ltd is experiencing a decline in its stock price, currently at 448.35, which reflects a decrease of 5.9 points or 1.3%. The stock has underperformed its sector by 0.71% today and has shown a trend reversal after two consecutive days of gains. Additionally, the stock's delivery volume has significantly dropped by 49.17% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has performed positively with a return of 5.01%, although it has seen a decline of 10.81% over the past month. Despite this recent downturn, the company maintains strong long-term fundamentals, evidenced by an average Return on Equity (ROE) of 14.71% and a high institutional holding of 34.71%, which has increased by 1.14% over the previous quarter.
In the broader market context, IIFL Finance's short-term performance contrasts with the Sensex, which has declined by 0.92% over the past week. While the stock has shown resilience with a year-to-date return of 8.31% compared to the Sensex's 2.20%, the recent price drop suggests a temporary setback amidst a generally positive long-term outlook. The stock's moving averages indicate that it is currently above the 100-day and 200-day averages but below the shorter-term moving averages, which may signal a shift in momentum. Overall, while the stock has strong fundamentals and institutional backing, the recent decline reflects a combination of reduced trading activity and market volatility.