Why is ICICI Lombard falling/rising?

As of 04-Jul, ICICI Lombard General Insurance Company Ltd is experiencing a slight decline in its stock price, currently at 2,037.05, reflecting a decrease of -1.75 or -0.09%. The stock has been losing value for the last three days, with a total drop of -1.02% during this period. Despite this recent downturn, the stock has shown positive performance over the longer term, with a 1-month return of +8.59% and a year-to-date return of +13.62%. However, there has been a notable decrease in investor participation, with delivery volume falling by -61.11% compared to the 5-day average, which may indicate waning interest among investors. The company maintains strong long-term fundamentals, evidenced by a solid average return on equity (ROE) of 16.56% and high institutional holdings at 41.52%, suggesting confidence from larger investors.
In the broader market context, ICICI Lombard's recent performance contrasts with the benchmark Sensex, which has declined by -0.74% over the past week. While the stock has outperformed the benchmark in the longer term, its recent price movement may be influenced by flat quarterly results reported in March, which showed the lowest operating profit to net sales ratio at 10.06%. Additionally, the stock is considered expensive with a price-to-book value of 7, trading at a premium compared to its peers. Despite generating an 11.43% return over the past year, the company's profits have risen significantly, leading to a PEG ratio of 1.4, which could be a concern for potential investors looking for value.