Why is L&T Finance Ltd falling/rising?

As of 01-Jul, L&T Finance Ltd's stock price is currently at 207.85, reflecting an increase of 1.75 (0.85%). The stock has recently hit a new 52-week high of Rs. 209 and has outperformed its sector by 0.99%. Over the past week, it has gained 3.80%, and in the last month, it has risen by 21.37%. The stock has been on a positive trajectory, gaining for the last two days with a total return of 2.52%. Additionally, the stock is trading above its moving averages across various time frames, indicating strong momentum. Institutional investors have increased their stake, which suggests growing confidence in the company's fundamentals, despite the stock trading at a premium compared to its peers.
In the broader market context, L&T Finance Ltd's recent performance has outpaced the Sensex, which has only increased by 2.00% over the past week. The stock's year-to-date return of 53.28% significantly surpasses the Sensex's 7.11%, showcasing its strong relative performance. This consistent outperformance over the last three years, along with a rise in institutional investor participation, indicates a favorable outlook for the stock amidst a generally positive market environment.