Why is IIFL Finance falling/rising?

As of 29-Aug, IIFL Finance Ltd is experiencing a decline in its stock price, currently at 430.00, which reflects a decrease of 2.0 or 0.46%. The stock has been on a downward trend, having lost 5.74% over the last three days, and its performance over the past week shows a decline of 5.10%. Additionally, the stock has underperformed compared to the benchmark Sensex, which has only fallen by 1.84% in the same period. The stock's moving averages indicate that it is currently lower than the 5-day, 20-day, 50-day, and 100-day moving averages, although it remains above the 200-day moving average. Furthermore, there has been a significant drop in investor participation, with delivery volume decreasing by 36.63% compared to the 5-day average.
In the broader market context, IIFL Finance's recent performance contrasts with the benchmark's relatively stable returns, highlighting a more pronounced weakness in the stock. Despite this, the company maintains strong long-term fundamentals, evidenced by 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. These institutional investors typically have better resources to analyze the company's fundamentals, suggesting that the stock may have potential for recovery in the long term, even as it faces short-term challenges.