Why is L&T Finance Ltd falling/rising?

As of 30-Jul, L&T Finance Ltd is currently priced at 203.05, reflecting a decrease of 2.95, or 1.43%. The stock has underperformed its sector today by 1.53%, and its delivery volume has fallen by 20.22% compared to the 5-day average, indicating a decline in investor participation. Although the stock has shown strong long-term performance with a year-to-date return of 49.74% and a 3-year return of 170.55%, it has recently experienced a 4.87% decline over the past week. The company maintains a fair valuation with a return on equity of 10.3 and a price-to-book ratio of 2, but it is trading at a premium compared to its peers. High institutional holdings at 20.3% suggest confidence from knowledgeable investors, as their stake has increased by 1.54% over the previous quarter.
In the broader market context, L&T Finance Ltd's short-term performance has been weaker than the benchmark, with the Sensex declining by 1.50% over the past week while the stock itself has dropped by 4.87%. This underperformance in the short term contrasts with its strong long-term returns, which have significantly outpaced the benchmark indices. The overall market sentiment appears to be cautious, as indicated by the stock's recent price movement and declining investor participation, which may be contributing to the downward pressure on L&T Finance Ltd's stock price.