Why is ICICI Pru Life falling/rising?

As of 04-Sep, ICICI Prudential Life Insurance Company Ltd is experiencing a decline in its stock price, currently at Rs 599.65, which reflects a decrease of Rs 8.35 or 1.37%. Today's price summary indicates that the stock has underperformed its sector by 1.78% and has been on a downward trend for the last two days, with a total decline of 2.11%. Although the stock opened with a gain of 5.9% today and reached an intraday high of Rs 643.9, it has been trading below all key moving averages and has shown high volatility with an intraday fluctuation of 5.01%. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 61.77% compared to the five-day average. Despite positive quarterly results, including substantial growth in profit before tax and net sales, the stock's year-to-date performance shows a decline of 8.21%, which may be contributing to the negative sentiment.
Broader market context reveals that while the Sensex has gained 0.80% over the past week, ICICI Prudential's stock has decreased by 1.67% in the same period, indicating a relative underperformance against the benchmark. Over the last month, the stock has also declined by 1.91%, contrasting with the Sensex's slight drop of 0.37%. The broader market conditions appear to favor other sectors, as evidenced by the Sensex's positive returns year-to-date and over the past year, while ICICI Prudential has struggled significantly, with a 21.85% decline over the past year. This disparity may reflect broader investor sentiment and market dynamics that are not favoring the insurance sector at this time.