Why is Life Insurance falling/rising?

As of 04-Aug, Life Insurance Corporation of India is experiencing a price increase, currently at 895.25, reflecting a rise of 10.4 or 1.18%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite underperforming its sector by 0.36% today, the stock is trading higher than its 5-day, 100-day, and 200-day moving averages, although it remains below the 20-day and 50-day moving averages. In the past week, the stock has increased by 0.53%, while it has decreased by 4.88% over the past month. Notably, the company reported its highest quarterly net sales and operating profit margins, which, combined with a low debt-to-equity ratio and a fair valuation, contribute positively to investor sentiment.
In the broader market context, the stock's short-term performance of +0.53% over the past week outpaces the Sensex, which has only increased by 0.16% during the same period. However, the stock has underperformed over the longer term, with a 24.27% decline over the past year compared to a negligible change in the Sensex. The company holds a significant market position, constituting 10.95% of its sector, which may provide some resilience against broader market fluctuations. Rising investor participation, indicated by a 25.98% increase in delivery volume, suggests growing interest, which could support the stock's upward movement in the near term.