Why is IIFL Finance falling/rising?

As of 03-Sep, IIFL Finance Ltd is experiencing a price increase, with its current price at 439.75, reflecting a change of 2.45 (0.56%) upward. Despite this positive movement today, the stock has underperformed its sector by 0.28%. Over the past week, the stock has seen a decline of 2.14%, while it has gained 3.00% over the past month. However, it has a year-to-date increase of 6.23%, indicating some resilience. The stock is currently trading above its 200-day moving average but below its shorter-term moving averages, suggesting mixed momentum. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 29.21% compared to the 5-day average. Despite these 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 short-term performance has lagged behind the benchmark Sensex, which has only declined by 0.27% over the past week. While the stock has shown a positive trend over the month and year-to-date, its one-year performance is down 5.44%, compared to the Sensex's decline of 2.41%. This indicates that while the stock has some positive attributes, it is still facing headwinds in the short term relative to the overall market. The high institutional ownership suggests that informed investors are confident in the company's long-term prospects, which may provide some support for the stock despite its recent underperformance.