Why is L&T Finance Ltd falling/rising?

As of 17-Jul, L&T Finance Ltd is currently priced at 199.45, reflecting a decrease of 3.4 points or 1.68%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total decline of 2.97% during this period. Today's performance indicates that it has underperformed its sector by 1.35%. Despite this short-term decline, the stock has shown a positive trend over the past month with a return of 5.22% and an impressive year-to-date increase of 47.09%. The stock is trading above its 50-day, 100-day, and 200-day moving averages, although it is below its 5-day and 20-day moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 16.92% compared to the 5-day average.
In the broader market context, L&T Finance Ltd's recent performance contrasts with the Sensex, which has only declined by 1.12% over the past week. The stock's high institutional holdings at 20.3% suggest that informed investors are confident in its fundamentals, as evidenced by a 1.54% increase in their stake over the previous quarter. Furthermore, the company has demonstrated consistent returns over the last three years, outperforming the BSE500 in each of the last three annual periods. However, the current price movement may reflect market corrections or profit-taking after significant gains, despite the company's fair valuation and positive long-term performance indicators.