Why is ICICI Pru Life falling/rising?

As of 05-Sep, ICICI Prudential Life Insurance Company Ltd's stock price is currently at Rs 597.45, reflecting a decrease of Rs 2.2, or 0.37%. The stock has been underperforming, having fallen consecutively for the last three days with a total decline of 2.47%. Despite opening with a gain of 2.03% today and reaching an intraday high of Rs 611.95, the overall performance has been weak, as indicated by its trading below all key moving averages. Additionally, the stock has shown a significant year-to-date decline of 8.54%, and a one-year drop of 21.21%, while the benchmark Sensex has gained 3.29% during the same period. Positive factors such as strong quarterly results, including a 522.33% growth in profit before tax and a 34.2% increase in profit after tax, along with high institutional holdings at 21.97%, suggest potential for recovery, but these have not yet translated into a positive stock movement.
In the broader market context, the stock's recent performance has lagged behind the Sensex, which has increased by 1.13% over the past week, while ICICI Prudential has declined by 0.32%. This underperformance is further highlighted by the stock's negative returns over the past month and year compared to the benchmark. The rising investor participation, as evidenced by a 242.34% increase in delivery volume, indicates some interest in the stock, but the overall market sentiment remains cautious, contributing to the stock's downward trajectory.