Why is L&T Finance Ltd falling/rising?

As of 18-Sep, L&T Finance Ltd is experiencing a rise in its stock price, currently at Rs. 247.40, reflecting an increase of Rs. 4.55 or 1.87%. The stock has recently hit a new 52-week high of Rs. 250.95 and has been on an upward trend, gaining 6.39% over the last six days. It has consistently outperformed its sector by 1.54% today and is trading above all key moving averages, indicating strong momentum. Additionally, the stock has shown impressive returns over various periods, including a 39.89% increase over the past year and a remarkable 203.93% rise over the last three years. High institutional holdings at 20.3% suggest confidence from larger investors, further supporting the stock's upward trajectory.
In the broader market context, L&T Finance Ltd's short-term performance of +5.95% over the past week significantly outpaces the Sensex's gain of +1.80%. This strong relative performance indicates that the stock is not only rising due to its own positive fundamentals but also in contrast to the general market movement. The rising investor participation, with a notable increase in delivery volume, adds to the liquidity and attractiveness of the stock, reinforcing its upward momentum in a market that is generally supportive of its growth.