Why is IIFL Finance falling/rising?

As of 19-Sep, IIFL Finance Ltd is experiencing a price increase, currently at 453.25, reflecting a rise of 2.8 or 0.62%. The stock has outperformed its sector today by 0.77% and has shown a consecutive gain over the last two days, accumulating a total return of 1.84% during this period. In the past week, the stock has risen by 4.20%, although it has seen a decline of 3.97% over the past month. Notably, the stock's long-term performance remains strong, with a year-to-date increase of 9.49% and a remarkable 434.89% rise over the past five years. The stock's fundamentals are supported by a strong average Return on Equity (ROE) of 14.71% and a high institutional holding of 34.71%, which has increased by 1.14% in the previous quarter, indicating confidence from larger investors.
In the broader market context, IIFL Finance's recent performance contrasts with the benchmark Sensex, which has only increased by 0.88% over the past week and 1.20% over the past month. This suggests that the stock is gaining traction relative to the overall market. Additionally, the rising investor participation, evidenced by an 86.6% increase in delivery volume compared to the five-day average, further supports the stock's upward movement. The liquidity of the stock, being sufficient for trades of Rs 0.79 crore, also contributes to its favorable trading conditions. Overall, the combination of strong fundamentals, increased institutional interest, and positive short-term performance relative to the benchmark are driving the stock's rise.