Why is L&T Finance Ltd falling/rising?

As of 05-September, L&T Finance Ltd's stock price is currently at Rs. 230.50, reflecting an increase of Rs. 2.65 or 1.16%. The stock has recently reached a new 52-week high of Rs. 232.85 and has been on a positive trajectory, gaining 3.92% over the last three days. In terms of performance, L&T Finance Ltd has outperformed the sector by 0.67% today and has shown impressive returns over various periods, including a 69.99% increase year-to-date and a 35.19% increase over the past year. Additionally, the stock has high institutional holdings at 20.3%, which have increased by 1.54% over the previous quarter, indicating confidence from larger investors in the company's fundamentals.
In the broader market context, L&T Finance Ltd's short-term performance of +6.34% over the past week significantly surpasses the Sensex's gain of +1.13% during the same period. This strong performance is indicative of the stock's resilience and attractiveness to investors, especially given its consistent outperformance against the BSE500 over the last three years, one year, and three months. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 39.88% against the 5-day average, which may raise concerns about the sustainability of the stock's upward momentum.