Why is Life Insurance falling/rising?

As of 13-Aug, Life Insurance Corporation of India is experiencing a decline in its stock price, currently at Rs 884.30, which reflects a decrease of Rs 32.05 or 3.5%. The stock has underperformed its sector by 4.41% today, reaching an intraday low of Rs 877.8. Over the past week, the stock has seen a return of -0.94%, and it has also underperformed over the past month with a decline of 4.11%. Despite the company's profits rising by 16.4% over the past year, the stock has generated a negative return of -14.04%, indicating a disconnect between profitability and stock performance. The company's low debt-to-equity ratio and attractive valuation metrics, such as a ROE of 38 and a PEG ratio of 0.7, suggest underlying strength; however, falling investor participation, as evidenced by a 14.18% drop in delivery volume, may be contributing to the stock's recent decline.
In the broader market context, the Sensex has remained relatively stable with a negligible change of -0.01% over the past week, contrasting with Life Insurance Corporation's more significant decline. The stock's performance over the year also lags behind the benchmark, which has gained 2.01%, while Life Insurance has lost 14.04%. This underperformance relative to the benchmark, combined with the recent drop in trading volume and liquidity concerns, indicates that investor sentiment may be cautious, further impacting the stock's price negatively.