Why is LIC Housing Fin. falling/rising?

As of 01-October, LIC Housing Finance Ltd's stock price is currently at Rs 576.35, reflecting an increase of Rs 11.3 or 2.0%. Today's price summary indicates that the stock reached an intraday high of Rs 578.95, which is a rise of 2.46%. Despite this increase, the stock has underperformed its sector by 1.19%. Over the past week, the stock has seen a slight decline of 0.95%, but it has gained 2.33% over the past month. The company has a strong return on equity of 15% and is trading at a discount compared to its peers, with a price to book value of 0.9. Additionally, high institutional holdings at 42.46% suggest confidence in the company's fundamentals, which may be contributing to the recent price movement.
In the broader market context, the Sensex has also experienced a slight decline of 0.90% over the past week, indicating that the stock's short-term performance is somewhat in line with the benchmark. However, LIC Housing Finance's year-to-date performance shows a decline of 3.78%, contrasting with the Sensex's gain of 3.64%. The stock's liquidity is adequate for trading, with a significant increase in delivery volume, suggesting rising investor participation. Overall, while the stock is experiencing a short-term rise, its longer-term performance remains challenged, as indicated by its 12.41% decline over the past year.