Why is IIFL Finance falling/rising?

As of 26-Sep, IIFL Finance Ltd's stock price is currently at 420.45, reflecting a decline of 14.75 points or 3.39%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 6.69% during this period. Additionally, the stock's performance over the past week shows a decrease of 7.38%, while it has also underperformed the sector by 1.86% today. Despite having strong long-term fundamentals, indicated by an average Return on Equity (ROE) of 14.71% and high institutional holdings that have increased by 1.14% over the previous quarter, the stock's recent movement has been negatively impacted by falling investor participation, as evidenced by a 29.73% drop in delivery volume compared to the 5-day average.
In the broader market context, IIFL Finance's short-term performance has been notably weaker than the benchmark, with a 1-week decline of 7.38% compared to the Sensex's decline of only 2.66%. This stark contrast highlights the stock's struggles relative to the overall market. Furthermore, while the stock has shown positive returns year-to-date at 1.57%, its one-year performance is concerning, with a decline of 14.12% compared to the Sensex's smaller drop of 6.30%. Overall, the combination of recent price declines, reduced trading activity, and underperformance against the benchmark suggests a challenging environment for IIFL Finance at this time.