Why is L&T Finance Ltd falling/rising?

As of 24-Jun, L&T Finance Ltd's stock price is rising, currently at 200.25, reflecting an increase of 6.95 or 3.6%. The stock has recently hit a new 52-week high of Rs.201.5 and has outperformed its sector by 2.68%. Over the past three days, the stock has gained 6.8%, and it is trading above all key moving averages, indicating strong momentum. Additionally, the stock has shown impressive returns over various periods, including a 14.33% increase over the past month and a remarkable 187.10% rise over the last three years. The positive sentiment is further supported by an increase in institutional investor participation, which has risen by 1.29% in the previous quarter, suggesting confidence in the company's fundamentals.
In the broader market context, L&T Finance Ltd has significantly outperformed the Sensex, which has only increased by 0.58% over the past week, while L&T Finance Ltd has risen by 5.64%. This strong performance relative to the benchmark indicates a robust demand for the stock, despite a slight decline in delivery volume, which fell by 12.26% against the five-day average. The company's consistent returns over the past three years, coupled with a fair valuation and a positive PEG ratio, suggest that the stock is well-positioned for continued growth, further enhancing investor confidence.