Why is L&T Finance Ltd falling/rising?

As of 14-Jul, L&T Finance Ltd is currently priced at 205.55, reflecting an increase of 0.95, or 0.46%. The stock has shown a positive trend today, having gained after two consecutive days of decline. It is currently 3.5% away from its 52-week high of Rs 212.75 and has outperformed its sector by 0.38%. Over the past month, the stock has risen by 10.39%, significantly outperforming the Sensex, which increased by only 1.40%. Additionally, the stock has demonstrated strong performance over longer periods, with a year-to-date return of 51.59% compared to the Sensex's 5.27%. Despite a recent drop in investor participation, as indicated by a 20.77% decrease in delivery volume, the stock remains liquid enough for trading.
In the broader market context, L&T Finance Ltd's short-term performance has been better than the benchmark, with a 1-week return of -1.06% compared to the Sensex's -1.42%. The stock's strong fundamentals are supported by a return on equity of 10.3% and a price-to-book value of 2, indicating fair valuation. High institutional holdings at 20.3% suggest confidence from knowledgeable investors, as their stake has increased by 1.54% over the previous quarter. The stock's consistent returns over the past three years, along with a PEG ratio of 1.4, further reinforce its positive outlook, contributing to its recent price increase despite some short-term volatility.