Why is L&T Finance Ltd falling/rising?

As of 28-Jul, L&T Finance Ltd is currently priced at 202.00, reflecting a decrease of 2.85, or 1.39%. The stock has been experiencing a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 5.36% during this period. Despite this recent downturn, the stock has shown strong performance over the longer term, with a year-to-date increase of 48.97% and a notable rise of 172.24% over the past three years. The stock is currently trading at a premium compared to its peers, with a price-to-book value of 2, and has a return on equity of 10.3%. Additionally, institutional holdings have increased by 1.54% over the previous quarter, indicating confidence from larger investors.
In the broader market context, L&T Finance Ltd's short-term performance has been less favorable compared to the benchmark, as it has declined by 4.08% over the past week, while the Sensex has only decreased by 1.59%. This suggests that the stock is underperforming relative to the market in the short term. However, it has outperformed the benchmark over longer periods, such as the last year and three years, highlighting its strong long-term potential. The recent increase in delivery volume by 28.95% indicates rising investor participation, which could provide some support for the stock despite its current decline.