Why is L&T Finance Ltd falling/rising?

As of 21-Aug, L&T Finance Ltd is experiencing a price increase, currently at Rs. 221.80, which reflects a rise of Rs. 5.25 or 2.42%. The stock reached a new 52-week high of Rs. 223.45 today and has outperformed its sector by 2.41%. Over the past week, L&T Finance Ltd has shown a strong performance with a return of 9.77%, and it has consistently generated significant returns over the last three years, with a 63.57% increase year-to-date. Additionally, the stock is trading above all key moving averages, indicating positive momentum. High institutional holdings at 20.3% have also contributed to the stock's stability, as these investors tend to have a better understanding of the company's fundamentals, and their stake has increased by 1.54% in the previous quarter.
In the broader market context, L&T Finance Ltd's recent performance has significantly outpaced the benchmark Sensex, which has only risen by 1.74% over the past week. This strong relative performance highlights investor confidence in the company compared to the overall market. The stock's liquidity is also favorable, with a delivery volume increase of 71.28% against the 5-day average, suggesting rising investor participation. Overall, the combination of strong returns, institutional support, and positive trading indicators has contributed to the stock's upward movement.