Why is ICICI Lombard falling/rising?

As of 07-Jul, ICICI Lombard General Insurance Company Ltd is experiencing a decline in its stock price, currently at 2,021.00, reflecting a decrease of 16.05 points or 0.79%. The stock has underperformed its sector today and has been on a consecutive fall for the last four days, resulting in a total decline of 1.8% during this period. Although the stock has shown positive returns over longer periods, such as a 12.73% increase year-to-date and a 58.21% rise over three years, the recent trend indicates a weakening performance. Additionally, the stock's delivery volume has significantly decreased, falling by 45.64% against its five-day average, which suggests a decline in investor participation. Despite these challenges, the company maintains strong long-term fundamentals, with an average Return on Equity (ROE) of 16.66% and high institutional holdings at 41.52%, indicating confidence from larger investors.
In the broader market context, the stock's short-term performance has been less favorable compared to the benchmark Sensex, which has only declined by 0.20% over the same one-week period while ICICI Lombard has dropped by 1.27%. This underperformance relative to the benchmark may contribute to investor concerns, leading to the observed price decline. However, the stock has outperformed the Sensex over longer time frames, such as the year and three years, which may provide some reassurance to investors about its potential for recovery in the future. Overall, while the stock faces short-term challenges, its strong fundamentals and institutional backing could support its long-term growth trajectory.