Why is L&T Finance Ltd falling/rising?

As of 07-Jul, L&T Finance Ltd's stock price is currently at Rs. 207.75, reflecting an increase of 1.75 (0.85%). The stock has recently hit a new 52-week high of Rs. 211.2 and has been on a positive trajectory, gaining 2.21% over the last two days. It has outperformed its sector by 0.85% today and is trading above all key moving averages, indicating strong momentum. Additionally, the stock has shown impressive returns, with a year-to-date increase of 53.21% and a three-year growth of 190.36%. The recent increase in institutional investor participation, which has risen by 1.29% in the last quarter, further supports the stock's upward movement, as these investors typically have more resources to analyze company fundamentals.
In the broader market context, L&T Finance Ltd's performance over the past week has been positive, with a return of 0.80%, while the benchmark Sensex has declined by 0.20%. This indicates that the stock is not only performing well relative to its own historical performance but also in comparison to the overall market. The company's consistent returns over the past three years, alongside a fair valuation and rising profits, contribute to its attractiveness among investors, reinforcing the stock's upward trend despite trading at a premium compared to its peers.