Why is ICICI Lombard falling/rising?

As of 08-Jul, ICICI Lombard General Insurance Company Ltd is experiencing a price increase, currently at 2,037.90, reflecting a rise of 16.9 or 0.84%. The stock has shown a trend reversal, gaining after four consecutive days of decline. While it has outperformed its sector by 0.89% today, the delivery volume has decreased by 1.31% compared to the five-day average, indicating a slight drop in investor participation. Over the past year, the stock has returned 10.46%, significantly outperforming the benchmark Sensex, which has returned 4.69%. The company maintains strong long-term fundamentals, with an average Return on Equity (ROE) of 16.66% and high institutional holdings at 41.52%, suggesting confidence from more knowledgeable investors.
In the broader market context, the stock's performance over the past week shows a decline of 0.98%, while the Sensex has remained relatively flat with a gain of 0.02%. However, over the past month, ICICI Lombard has returned 1.54%, slightly lagging behind the Sensex's 1.85% gain. Despite this, the stock's year-to-date performance of 13.67% significantly exceeds the Sensex's 7.13%, indicating a strong position relative to the market. The liquidity of the stock remains adequate for trading, further supporting its recent price movement.