Why is IIFL Finance falling/rising?

As of 08-Sep, IIFL Finance Ltd's stock price is rising, currently at 447.45, reflecting an increase of 11.45 or 2.63%. The stock has shown positive momentum, gaining 3.42% over the last two days and outperforming its sector by 2.31% today. Despite a slight decline of 0.20% over the past month, the year-to-date return stands at 8.09%, indicating a strong performance compared to the Sensex, which has only increased by 3.39% in the same timeframe. The stock's long-term fundamentals are robust, supported by a solid average Return on Equity (ROE) of 14.71% and a notable increase in institutional holdings by 1.14% over the previous quarter, which suggests confidence from knowledgeable investors.
In the broader market context, IIFL Finance's short-term performance of 1.52% over the past week significantly outpaces the Sensex's gain of 0.53%. This indicates that the stock is currently experiencing favorable conditions relative to the overall market. However, it is important to note that there has been a decline in investor participation, with delivery volume dropping by 63.55% against the five-day average, which could be a concern for future liquidity. Despite this, the stock remains liquid enough for trading, and its performance is bolstered by strong institutional backing, which often signals stability and potential for continued growth.