Why is L&T Finance Ltd falling/rising?

As of 20-Aug, L&T Finance Ltd's stock price is currently at 216.55, reflecting a decrease of 0.45, or 0.21%. The stock recently hit a new 52-week high of Rs.218.65 but has experienced a trend reversal, falling after four consecutive days of gains. Despite this recent decline, the stock has shown strong performance over various periods, with a 59.70% increase year-to-date and a 29.40% rise over the past year. The stock is trading above all its moving averages, indicating a generally positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 136.38% compared to the five-day average. However, the stock is trading at a premium compared to its peers, which may temper investor enthusiasm.
In the broader market context, L&T Finance Ltd has outperformed the Sensex, which has only increased by 1.64% over the past week, while L&T Finance Ltd has gained 7.63%. This strong relative performance suggests that the stock has been favored by investors despite its recent decline. The high institutional holdings at 20.3% indicate confidence from more sophisticated investors, as their stake has increased by 1.54% over the previous quarter. However, the stock's price-to-earnings growth (PEG) ratio of 2.9 and a return on equity (ROE) of 10.3 suggest that while the stock is generating solid returns, it may be viewed as fairly valued, which could contribute to the recent price pullback.