Why is L&T Finance Ltd falling/rising?

As of 29-Jul, L&T Finance Ltd's stock price is currently at Rs 206.00, reflecting an increase of Rs 4.0 or 1.98%. The stock has shown a trend reversal, gaining after three consecutive days of decline. It is currently 4.27% away from its 52-week high of Rs 214.8 and has outperformed its sector by 1.52% today. Over the past week, the stock has decreased by 1.48%, but it has performed positively over the last month with a return of 1.60%. The stock has demonstrated strong long-term performance, with a year-to-date return of 51.92% and a three-year return of 174.48%. However, there has been a notable decline in investor participation, with delivery volume falling by 77.4% compared to the five-day average.
In the broader market context, while L&T Finance Ltd has outperformed the Sensex in the long term, its recent short-term performance has not been as strong, with the benchmark index declining by 1.03% over the past week. The stock's high institutional holdings at 20.3% indicate confidence from larger investors, which may support its price. Despite trading at a premium compared to its peers, the stock's fair valuation and positive return on equity suggest a stable outlook. Overall, the combination of recent gains, strong institutional backing, and long-term performance contributes to the stock's rising price, despite the recent drop in investor participation.