Why is IIFL Finance falling/rising?

As of 25-Aug, IIFL Finance Ltd's stock price is currently at 456.20, reflecting an increase of 3.1, or 0.68%. The stock has shown a trend reversal, gaining after three consecutive days of decline, and it outperformed its sector by 0.87% today. The stock reached an intraday high of Rs 462.75, indicating positive momentum. However, it has experienced a decline of 11.72% over the past month, despite a year-to-date increase of 10.21%. The stock's long-term fundamentals remain strong, 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 institutional investors, who typically have better resources for analyzing company fundamentals, are confident in the stock's potential.
In the broader market context, IIFL Finance's short-term performance has outpaced the benchmark Sensex, which has only increased by 0.45% over the past week. Despite this positive short-term movement, the stock's recent decline in delivery volume, which fell by 36.88% against the five-day average, indicates a decrease in investor participation. Additionally, while the stock is liquid enough for trading, its performance over the past month contrasts sharply with the benchmark's slight gain, highlighting a challenging environment for the stock despite its current rise.