Why is IIFL Finance falling/rising?

As of 13-Aug, IIFL Finance Ltd's stock price is currently at 445.60, reflecting a decrease of 2.4, or 0.54%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 1.18% during this period. Additionally, the stock's performance over the past week shows a decline of 1.54%, while its one-month return is significantly lower at -14.23%. Despite these short-term challenges, the company has demonstrated strong long-term fundamentals, with 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. This suggests that while the stock is currently facing downward pressure, its long-term potential remains solid.
In the broader market context, IIFL Finance's recent performance contrasts with the benchmark Sensex, which has seen a negligible change of -0.01% over the past week. The stock's underperformance relative to the sector today, where it lagged by 1.45%, indicates a decline in investor participation, as evidenced by a significant drop in delivery volume by 63.1% compared to the five-day average. However, the stock has still managed to outperform the market over the past year, generating a return of 9.43% compared to the Sensex's 2.01%. This suggests that while the stock is currently facing some headwinds, its historical performance and strong fundamentals may provide a buffer against broader market fluctuations.