Why is ICICI Lombard falling/rising?

As of 12-Jun, ICICI Lombard General Insurance Company Ltd is experiencing a decline in its stock price, currently at Rs 1,900.50, which reflects a decrease of Rs 42.95 or 2.21%. The stock has been underperforming, having fallen for three consecutive days with a total decline of 6.15%. Today's performance shows that it underperformed its sector by 0.75%, and it touched an intraday low of Rs 1,895. Despite this recent downturn, the stock has shown strong long-term performance, with a 14.83% return over the past year and a 69.14% increase over the last three years. The company maintains a solid average Return on Equity (ROE) of 16.56% and high institutional holdings at 41.52%, indicating strong fundamental strength.
In the broader market context, the stock's short-term performance has been better than the benchmark, with a 1-week return of 1.20% compared to the Sensex's 0.31%. However, the stock's recent price decline contrasts with its overall strong long-term performance, which has outpaced the BSE 500 in various time frames. The falling investor participation, as evidenced by a significant drop in delivery volume, may also contribute to the stock's current struggles, despite its liquidity being adequate for trading. Overall, while the stock has shown resilience in the long term, recent trends indicate a challenging short-term outlook.