Why is IIFL Finance falling/rising?

As of 18-Aug, IIFL Finance Ltd's stock price is currently at 448.65, reflecting an increase of 7.55, or 1.71%. The stock has shown a trend reversal by gaining after three consecutive days of decline. Despite today's performance, which underperformed the sector by 0.54%, the stock reached an intraday high of Rs 451, indicating some positive momentum. Over the past week, the stock has decreased by 0.50%, and in the last month, it has fallen significantly by 15.83%. However, it has performed well year-to-date with an increase of 8.38% and a one-year return of 10.65%, which outpaces the broader market's negative performance of -1.14%. The stock's long-term fundamentals remain strong, with a solid average Return on Equity (ROE) of 14.71% and high institutional holdings that have increased by 1.14% over the previous quarter.
In the broader market context, the Sensex has gained 0.83% over the past week, while IIFL Finance has underperformed during the same period. The finance/NBFC sector has seen a rise of 2.27%, suggesting a favorable environment for financial stocks. However, the falling investor participation, with a delivery volume decrease of 21.79% against the five-day average, indicates a potential concern for liquidity and interest in the stock. Despite these challenges, the stock's ability to generate positive returns over the past year compared to the benchmark suggests that it has maintained a level of resilience in a fluctuating market.