Why is ICICI Lombard falling/rising?

As of 11-Jul, ICICI Lombard General Insurance Company Ltd is experiencing a price increase, currently at 2,014.15, which reflects a rise of 17.1 or 0.86%. Today's price summary indicates that the stock has outperformed its sector by 1.78% and has shown a trend reversal by gaining after two consecutive days of decline. The stock's performance over the past month is positive, with a return of 3.64%, while year-to-date it has increased by 12.34%. Additionally, the stock has strong long-term fundamentals, evidenced by an average Return on Equity (ROE) of 16.66% and high institutional holdings at 41.52%, suggesting confidence from more sophisticated investors.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.02% over the past month. While the stock has outperformed the benchmark in the short term, it has also shown resilience with a delivery volume increase of 10.33% against the five-day average, indicating rising investor participation. The liquidity of the stock is sufficient for trading, further supporting its upward movement. Overall, the combination of strong fundamentals, positive short-term performance, and increased investor interest contributes to the stock's rising price.