Why is L&T Finance Ltd falling/rising?

As of 09-Jul, L&T Finance Ltd is experiencing a slight increase in its stock price, currently at Rs 208.70, reflecting a change of 0.45 or 0.22% upward. The stock has been gaining for the last four days, with a total return of 2.68% during this period. It is currently trading close to its 52-week high, just 1.2% away from Rs 211.2. Over the past year, L&T Finance Ltd has generated a return of 13.49%, and its profits have risen by 14%, indicating a solid performance. Institutional investors have increased their stake by 1.29% in the last quarter, which suggests growing confidence in the company's fundamentals.
In the broader market context, L&T Finance Ltd's short-term return of 1.24% over the past week significantly outperforms the Sensex, which only increased by 0.15%. The stock has consistently outperformed the benchmark over various periods, including a remarkable 192.30% return over the last three years compared to the Sensex's 53.33%. Despite a recent decline in investor participation, with delivery volume falling by 66.15% against the 5-day average, the stock remains liquid enough for trading. Overall, the combination of consistent returns, increasing institutional interest, and strong performance relative to the benchmark contributes to the stock's upward movement.