Why is Life Insurance falling/rising?

As of 29-Jul, Life Insurance Corporation of India has seen its stock price rise to 897.85, reflecting an increase of 7.35 (0.83%). The stock has been gaining for the last two days, with a total return of 1.27% during this period. Despite a year-to-date return of +0.68%, the stock has underperformed over the past week and month, with declines of -2.31% and -6.22%, respectively. Positive financial results, including the highest net sales and operating profit margins reported, alongside a low debt-to-equity ratio and a favorable PEG ratio of 0.7, suggest a solid underlying performance that may support the recent price increase.
In the broader market context, the stock has outperformed its sector by 0.37% today, even as the benchmark Sensex has experienced a decline of -1.03% over the past week. While the stock's performance over the last year has been negative at -23.55%, the overall market has remained relatively stable with a negligible change of -0.02%. The company's significant market capitalization and its substantial share of the industry further indicate its importance within the sector, which may contribute to investor confidence and support the stock's recent upward movement.