Why is L&T Finance Ltd falling/rising?

As of 01-Aug, L&T Finance Ltd is experiencing a decline in its stock price, currently at 201.15, which reflects a decrease of 1.35 or 0.67%. The stock has been on a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 2.35% during this period. Despite outperforming its sector by 0.81% today, the stock's delivery volume has significantly decreased by 69.92% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has underperformed the Sensex, showing a decline of 1.81% compared to the benchmark's 1.06% drop, although it has shown strong performance over the longer term with a year-to-date increase of 48.34%.
In the broader market context, L&T Finance Ltd's recent performance is contrasted against the benchmark, where it has outperformed the Sensex over the long term, including a 13.93% return over the past year. The stock is trading at a premium relative to its peers, with a fair valuation indicated by a price-to-book ratio of 2. It has high institutional holdings at 20.3%, which suggests confidence from more knowledgeable investors, as their stake has increased by 1.54% in the last quarter. However, the stock's recent consecutive declines and reduced trading volume may reflect short-term investor caution despite its strong long-term performance.