Why is L&T Finance Ltd falling/rising?

As of 14-Aug, L&T Finance Ltd's stock price is currently at 202.05, reflecting an increase of 0.85, or 0.42%. The stock has been gaining for the last two days, with a total return of 2.3% during this period. It is performing well above its 5-day, 50-day, 100-day, and 200-day moving averages, although it is slightly below the 20-day moving average. The stock has shown strong performance over the long term, with a year-to-date return of 49.00% and a one-year return of 25.85%. Additionally, high institutional holdings at 20.3% indicate confidence from larger investors, which has increased by 1.54% over the previous quarter. However, the stock is trading at a premium compared to its peers, and its PEG ratio of 2.7 suggests that while it has performed well, its valuation may be stretched.
In the broader market context, L&T Finance Ltd's short-term performance of +0.80% over the past week contrasts positively with the Sensex, which has seen a slight decline of -0.03%. This indicates that the stock is outperforming the benchmark index in the short term. Furthermore, despite a slight decline of 1.70% over the past month, the stock has consistently outperformed the BSE500 over longer periods, including a remarkable 164.81% increase over the last three years. The rising investor participation, as evidenced by a 5.9% increase in delivery volume, suggests growing interest and confidence in the stock, contributing to its recent upward movement.