Why is Life Insurance falling/rising?

As of 01-Aug, Life Insurance Corporation of India is experiencing a decline in its stock price, currently at 884.60, which reflects a decrease of 10.8 points or 1.21%. The stock has been under pressure, having fallen consecutively for the last two days, resulting in a total decline of 1.88% during this period. Additionally, the stock's performance over the past month shows a significant drop of 8.87%, while its year-to-date return is slightly negative at -0.81%. Despite these declines, the company has reported strong financial results, including the highest net sales and operating profit margins, which may indicate underlying strength. However, the stock's recent performance is tempered by a decrease in investor participation, as evidenced by a 19.64% drop in delivery volume compared to the five-day average.
In the broader market context, the stock has outperformed its sector by 0.27% today, but its one-week return of -0.22% is better than the benchmark Sensex, which has declined by 1.06% during the same period. Over the past year, while the stock has seen a significant drop of 24.98%, the benchmark has only fallen by 1.55%, indicating that the stock is underperforming relative to the market. The company's low debt-to-equity ratio and a favorable PEG ratio of 0.7 suggest it is fairly valued, but the overall market sentiment and recent declines in stock performance may be contributing to the downward pressure on its price.