Why is L&T Finance Ltd falling/rising?

As of 30-Jun, L&T Finance Ltd's stock price is rising, currently at 206.10, reflecting an increase of 3.35 or 1.65%. The stock has reached a new 52-week high of Rs. 207.6 today and has outperformed its sector by 1.13%. Over the past week, the stock has gained 6.62%, and in the last month, it has surged by 20.35%. Additionally, L&T Finance Ltd has demonstrated consistent performance, with a remarkable 204.88% increase over the last three years. The recent rise in investor participation, evidenced by a 13.71% increase in delivery volume, along with a 1.29% increase in institutional investor stakes, indicates growing confidence in the stock. Despite trading at a premium compared to peers, the company maintains a fair valuation with a return on equity of 10.3 and a PEG ratio of 1.4, suggesting that its growth prospects are being recognized by the market.
In the broader market context, L&T Finance Ltd's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 2.09% over the past week and 2.65% over the past month. The stock's year-to-date return of 51.99% also stands in stark contrast to the Sensex's 7.00% gain, highlighting its strong relative performance. This outperformance, combined with consistent returns over the past three years and increasing institutional interest, positions L&T Finance Ltd favorably in the current market environment, contributing to its rising stock price.