Why is IIFL Finance falling/rising?

As of 22-Aug, IIFL Finance Ltd's stock price is currently at 453.10, reflecting a decline of 6.05 points or 1.32%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 4% during this period. Additionally, the stock's performance today has underperformed its sector by 0.88%. In terms of returns, while the stock has shown a positive 2.72% return over the past week, it has experienced a significant decline of 14.46% over the past month. Despite these short-term challenges, 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 recent performance contrasts with the benchmark Sensex, which has gained 0.88% over the past week while the stock has risen by 2.72%. However, over the past month, the stock's decline of 14.46% is significantly worse than the Sensex's drop of only 1.07%. The falling investor participation, indicated by a 41.53% decrease in delivery volume compared to the five-day average, suggests a lack of confidence among retail investors, which could be contributing to the stock's downward pressure. Despite its liquidity being adequate for trading, the overall sentiment appears to be negative in the short term, overshadowing its strong long-term potential.