Why is ICICI Lombard falling/rising?

As of 27-Jun, ICICI Lombard General Insurance Company Ltd is experiencing a slight increase in its stock price, currently at 2,015.20, reflecting a change of 6.1 or 0.3% upward. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Despite a notable decline in investor participation, with delivery volume falling by 41.66% against the 5-day average, the stock has shown strong performance with a 12.29% return over the past year and a 77.78% return over the last three years, outperforming the BSE 500 index in both the short and long term. The company's strong long-term fundamentals, highlighted by an average Return on Equity (ROE) of 16.56% and high institutional holdings at 41.52%, further support its recent price movement.
In the broader market context, ICICI Lombard's short-term return of 2.55% over the past week exceeds the Sensex's return of 2.00%, suggesting that the stock is performing well relative to the market. This positive performance is reinforced by the company's strong fundamentals and institutional backing, which provide a level of confidence to investors. Overall, while there is a decline in trading volume, the stock's consistent outperformance and solid financial metrics contribute to its rising price.