Why is ICICI Lombard falling/rising?

As of 10-Jul, ICICI Lombard General Insurance Company Ltd is experiencing a decline in its stock price, currently at Rs 1,997.05, which reflects a decrease of Rs 27.45 or 1.36%. The stock has underperformed its sector by 1.49% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 2% during this period. Additionally, the stock touched an intraday low of Rs 1,980.1. While the stock has shown positive returns over the longer term, including a year-to-date increase of 11.39%, its recent performance has been weaker, with a 1-week decline of 2.05%. The falling investor participation, indicated by a 38.7% drop in delivery volume compared to the 5-day average, may also be contributing to the stock's downward movement.
In the broader market context, the stock's short-term performance has lagged behind the benchmark Sensex, which has only declined by 0.06% over the same week. Despite this recent underperformance, ICICI Lombard maintains strong long-term fundamentals, evidenced by an average Return on Equity (ROE) of 16.66% and high institutional holdings at 41.52%. These factors suggest that while the stock is currently facing challenges, its underlying strength may provide support for future recovery as institutional investors typically have the resources to analyze and navigate market fluctuations more effectively than retail investors.