Why is L&T Finance Ltd falling/rising?

As of 13-Aug, L&T Finance Ltd's stock price is currently at Rs 201.20, reflecting an increase of Rs 3.7 or 1.87%. Today's price summary indicates that the stock outperformed its sector by 0.96% and reached an intraday high of Rs 202.6, which is a 2.58% increase. Over the past year, the stock has generated a return of 23.97%, significantly outperforming the benchmark Sensex, which only increased by 2.01%. However, there has been a decline in investor participation, with delivery volume falling by 22.19% compared to the 5-day average. The stock is trading at a premium relative to its peers, with a price-to-book value of 1.9, and has high institutional holdings at 20.3%, which have increased by 1.54% over the previous quarter.
In the broader market context, L&T Finance Ltd has shown strong long-term performance, with a year-to-date return of 48.38%, compared to the Sensex's 3.07%. While the stock has outperformed the benchmark in both the short and long term, its recent price movement suggests a cautious sentiment among investors, likely influenced by the falling delivery volumes. The stock's higher moving averages indicate a positive trend, but the decline in investor participation could signal potential volatility ahead. Overall, despite the recent price increase, the stock's performance remains closely tied to broader market conditions and investor sentiment.