Why is L&T Finance Ltd falling/rising?

As of 25-Jun, L&T Finance Ltd's stock price is currently at 201.40, reflecting an increase of 1.15 (0.57%). The stock has been on an upward trend, gaining for the last four days and achieving a total return of 7.41% during this period. It has also reached a new 52-week high of Rs. 204 today. The stock is trading above its moving averages across various timeframes, indicating strong momentum. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 143.38% compared to the 5-day average. Institutional investors have also increased their stake in the company, which suggests a positive outlook on its fundamentals.
In the broader market context, L&T Finance Ltd has outperformed the Sensex in the short term, with a 1-week return of 6.76% compared to the benchmark's 1.61%. The stock's year-to-date performance shows a remarkable increase of 48.53%, significantly higher than the Sensex's 5.91%. While the stock is trading at a premium compared to its peers, it has consistently generated returns and has seen its profits rise by 14% over the past year. This combination of strong performance, increasing institutional interest, and positive market sentiment contributes to the stock's rising price.