Why is L&T Finance Ltd falling/rising?

As of 04-Jul, L&T Finance Ltd's stock price is rising, currently at Rs. 206.00, reflecting an increase of Rs. 2.75 or 1.35%. The stock has recently hit a new 52-week high of Rs. 209.8 and has outperformed its sector by 1.22%. After experiencing two consecutive days of decline, the stock has reversed its trend, gaining today. Over the past week, L&T Finance Ltd has shown a return of +1.60%, significantly outperforming the Sensex, which has declined by -0.74%. Additionally, the stock has demonstrated strong performance over longer periods, with a year-to-date return of +51.92% compared to the Sensex's +6.77%. However, there has been a notable decrease in investor participation, with delivery volume falling by 55.18% against the 5-day average.
In the broader market context, L&T Finance Ltd's recent performance is particularly strong when compared to the benchmark, as it has consistently outperformed the BSE500 over the last three years. Institutional investors have increased their stake in the company, indicating growing confidence in its fundamentals, which may contribute to the stock's upward movement. Despite trading at a premium compared to its peers, the company's return on equity and consistent profit growth suggest a fair valuation, supporting its rising stock price. Overall, the combination of positive institutional interest and strong historical performance relative to the market has contributed to the stock's recent rise.