Why is L&T Finance Ltd falling/rising?

As of 03-Sep, L&T Finance Ltd is experiencing a price increase, currently at Rs. 227.10, which reflects a rise of Rs. 5.3 or 2.39%. The stock has shown strong performance today, hitting a new 52-week high of Rs. 228.15 and outperforming its sector by 1.55%. Over the past week, the stock has gained 3.23%, and it has delivered impressive returns of 67.48% year-to-date and 32.00% over the past year, significantly outperforming the broader market indices. Additionally, institutional holdings have increased by 1.54% over the previous quarter, indicating confidence from larger investors, which may contribute positively to the stock's momentum.
In the broader market context, L&T Finance Ltd's recent performance stands in stark contrast to the Sensex, which has seen a decline of 0.27% over the past week. This divergence highlights the stock's strength relative to the market, particularly as it has consistently outperformed the BSE500 over various time frames, including the last three years. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 23.12% against the five-day average, which could be a point of concern moving forward. Despite this, the stock's liquidity remains adequate for trading, suggesting that it can still attract interest from investors.