Why is IIFL Finance falling/rising?

As of 22-Sep, IIFL Finance Ltd is experiencing a decline in its stock price, currently at 450.25, which reflects a decrease of 3.7 points or 0.82%. The stock has underperformed its sector by 1.24% today and has shown a trend reversal after two consecutive days of gains. Despite being higher than the 5-day, 20-day, and 200-day moving averages, it remains lower than the 50-day and 100-day moving averages. Over the past week, the stock has gained 1.91%, but it has seen a slight decline of 0.63% over the past month. Notably, the stock has a strong long-term fundamental strength 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, indicating confidence from institutional investors.
In the broader market context, IIFL Finance's recent performance contrasts with the benchmark Sensex, which has risen by 0.46% over the past week. While the stock has shown resilience with an 8.77% year-to-date return compared to the Sensex's 5.15%, it has underperformed over the past year, dropping 15.17% against the benchmark's decline of only 2.82%. The rising investor participation, evidenced by a 34.54% increase in delivery volume, suggests that there is still interest in the stock despite its recent price drop. Overall, while the stock has strong fundamentals and institutional backing, its recent price movement reflects short-term volatility and market sentiment.