Why is L&T Finance Ltd falling/rising?

As of 07-Nov, L&T Finance Ltd's stock price is rising, currently at 303.55, reflecting an increase of 28.3 or 10.28%. The stock has recently hit a new 52-week and all-time high of Rs. 305.35, outperforming its sector by 8.76%. Over the past week, the stock has gained 12.24%, and it has shown impressive long-term performance with a year-to-date return of 123.86% and a one-year return of 110.58%. However, despite this positive momentum, there has been a decline in investor participation, with delivery volume falling by 13.1% against the five-day average. The stock is trading at a premium compared to its peers, with a Price to Book Value of 0.3, and while it has generated significant returns, its profits have only risen by 4.8%, leading to a high PEG ratio of 6.4.
In the broader market context, L&T Finance Ltd's short-term performance has significantly outpaced the benchmark, as the Sensex has declined by 0.86% over the past week. The stock's strong institutional holdings at 20.73% indicate confidence from investors with better analytical capabilities, which may contribute to its rising price. Additionally, the stock's consistent trading above its moving averages suggests a bullish trend. Overall, while the stock is experiencing a rise due to strong performance metrics and institutional support, the decline in delivery volume may raise concerns about sustainability in the near term.