Why is L&T Finance Ltd falling/rising?

As of 18-Jul, L&T Finance Ltd's stock price is currently at 203.25, reflecting an increase of 3.8, or 1.91%. The stock has shown a positive trend today, having gained after three consecutive days of decline, and it outperformed its sector by 2.2%. Over the past month, the stock has risen by 7.74%, significantly outperforming the Sensex, which only increased by 0.38%. Additionally, the stock is close to its 52-week high, being just 4.67% away from Rs 212.75. The rising investor participation, indicated by a 1.7% increase in delivery volume, suggests growing interest in the stock. Furthermore, the company's strong performance over the past three years, with a return of 182.29%, and a solid return on equity of 10.3% contribute positively to its recent price movement.
In the broader market context, L&T Finance Ltd's short-term performance has been favorable compared to the benchmark, as it has outperformed the Sensex over the past week, declining only 0.66% compared to the Sensex's 0.90% drop. The stock's consistent returns over the last three years and high institutional holdings, which have increased by 1.54% in the previous quarter, indicate confidence from larger investors. Despite trading at a premium compared to its peers, the stock's fair valuation and consistent profit growth, with a PEG ratio of 1.4, suggest that it remains an attractive option for investors.