Why is L&T Finance Ltd falling/rising?

As of 07-Aug, L&T Finance Ltd is experiencing a decline in its stock price, currently at 200.45, which reflects a decrease of 1.15 (-0.57%). The stock has underperformed its sector by 0.79% today and has been on a consecutive fall for the last two days, resulting in a total decline of 1.93% during this period. Additionally, the stock touched an intraday low of Rs 195.95, indicating a drop of 2.8%. Over the past week, L&T Finance Ltd has seen a return of -1.01%, while its performance over the last month shows a decline of 3.51%. Despite these short-term setbacks, the stock has generated a significant return of 18.26% over the past year and 168.34% over the last three years, indicating strong long-term performance. The company's return on equity stands at 10.3, and it is trading at a fair valuation with a price-to-book ratio of 2, although it is currently at a premium compared to its peers.
In the broader market context, L&T Finance Ltd's recent performance contrasts with the Sensex, which has declined by 0.69% over the past week and 3.38% over the past month. The stock's liquidity remains adequate, with a delivery volume that has decreased by 43.68% against the five-day average, suggesting a drop in investor participation. While institutional holdings have increased by 1.54% over the previous quarter, indicating confidence from larger investors, the recent price movements and falling delivery volumes may reflect a cautious sentiment among retail investors. Overall, while L&T Finance Ltd has demonstrated strong long-term growth, its recent performance has been negatively impacted by short-term declines and reduced trading activity.