Why is LIC Housing Fin. falling/rising?

As of 30-Jun, LIC Housing Finance Ltd is experiencing a price increase, currently at 619.00, reflecting a rise of 6.65 (1.09%). The stock has outperformed its sector by 0.44% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. In the past week, the stock has gained 4.57%, and over the last month, it has risen by 3.81%. Positive factors contributing to this upward movement include the company’s strong financial performance over the last three quarters, with a low debt-equity ratio of 7.45 times and a significant increase in net sales. Despite a one-year return of -22.40%, the company's profits have increased by 14.3%, indicating a potentially attractive valuation with a PEG ratio of 0.4. Additionally, high institutional holdings at 42.89% suggest confidence from larger investors.
In the broader market context, while LIC Housing Finance has shown positive short-term returns, it has underperformed the market over the past year, where the benchmark (BSE 500) generated returns of 3.95%. The stock's recent performance, however, indicates a recovery trend, as evidenced by rising investor participation and liquidity, with a notable increase in delivery volume. This suggests that despite its previous underperformance, the current market sentiment is shifting positively towards LIC Housing Finance, likely driven by its strong quarterly results and attractive valuation compared to peers.