Why is ICICI Lombard falling/rising?

As of 09-Jul, ICICI Lombard General Insurance Company Ltd's stock price is currently at 2,024.50, reflecting a decrease of 13.4 points or 0.66%. The stock has underperformed its sector by 1.04% today, despite being above its 20-day, 50-day, 100-day, and 200-day moving averages, but lower than its 5-day moving average. The stock has shown a slight decline over the past week, down 1.10%, while it has performed positively year-to-date with a return of 12.92%. The company enjoys strong long-term fundamentals, evidenced by an average Return on Equity (ROE) of 16.66%, and high institutional holdings at 41.52%, which may provide some stability despite the recent price drop.
In the broader market context, the Sensex has increased by 0.15% over the past week, contrasting with ICICI Lombard's decline. This indicates that while the overall market is experiencing slight gains, ICICI Lombard is facing specific challenges that are affecting its performance. The stock's liquidity remains adequate, with a delivery volume increase of 25.98% compared to the 5-day average, suggesting that investor participation is rising, which could be a positive sign for future performance. However, the recent underperformance relative to the benchmark and sector may be contributing to the downward price movement.