Why is IIFL Finance falling/rising?

As of 30-Oct, IIFL Finance Ltd is experiencing a price increase, currently at Rs. 541.35, which reflects a rise of Rs. 18.15 or 3.47%. The stock has recently hit a new 52-week high of Rs. 549.35 and has shown strong performance, outperforming its sector by 3.99%. Over the last four days, the stock has gained 10.51%, and it is trading above all key moving averages, indicating a bullish trend. The stock's year-to-date return stands at 30.78%, significantly higher than the benchmark's 8.02%, and it has generated a return of 28.62% over the past year, well above the market average of 5.58%. Additionally, high institutional holdings at 35.9% and a recent increase in their stake suggest strong confidence in the company's fundamentals, contributing positively to the stock's upward movement.
In the broader market context, IIFL Finance's short-term return of 10.14% over the past week contrasts sharply with the Sensex, which has seen a slight decline of 0.18%. This divergence highlights the stock's strong performance relative to the broader market, reinforcing investor confidence. The rising investor participation, evidenced by a 7.22% increase in delivery volume, further supports the stock's upward trajectory. Overall, the combination of strong fundamentals, positive institutional sentiment, and significant outperformance against the benchmark has contributed to the stock's rising price.