Why is L&T Finance Ltd falling/rising?

As of 08-Sep, L&T Finance Ltd is experiencing a price increase, currently at 233.65, reflecting a change of 3.15 or 1.37% upward. The stock has recently hit a new 52-week high of Rs. 236.5 and has outperformed its sector by 1.05%. Over the last four days, it has gained 5.34%, and its performance over the past month shows a remarkable increase of 19.42%. Additionally, the stock has demonstrated strong long-term performance, with a year-to-date return of 72.31% and a three-year return of 192.79%. The high institutional holdings at 20.3%, which have increased by 1.54% over the previous quarter, suggest confidence in the company's fundamentals, contributing positively to the stock's recent upward movement.
In the broader market context, L&T Finance Ltd's short-term performance significantly outpaces the benchmark, with a 1-week return of 4.96% compared to the Sensex's 0.53%. This indicates that the stock is not only performing well on its own but is also gaining traction relative to the market. Despite a slight decline in investor participation, as evidenced by a 13.13% drop in delivery volume, the stock's liquidity remains adequate for trading. Overall, the combination of strong institutional support, consistent price gains, and superior performance relative to the benchmark has contributed to the stock's rising trend.