Why is Life Insurance falling/rising?

As of 18-Aug, Life Insurance Corporation of India has a current price of 889.95, reflecting an increase of 1.6 (0.18%). The stock has been gaining over the last two days, with a total return of 0.64% during this period. However, it has underperformed its sector by 2.07% today. Despite this recent uptick, the stock has shown a decline of 15.87% over the past year, while its profits have increased by 16.4%. The company maintains a low debt-to-equity ratio and a very attractive valuation with a price-to-book value of 4.4, which may support its price stability. Additionally, the stock's liquidity is adequate for trading, although there has been a notable decrease in investor participation, with delivery volume falling by 37.2% against the five-day average.
In the broader market context, the stock has underperformed compared to the Sensex, which has gained 0.83% over the past week, while Life Insurance Corporation has declined by 1.80%. Year-to-date, the stock has slightly lagged behind the benchmark, with a return of -0.21% compared to the Sensex's 4.01%. The finance/NBFC sector has seen a gain of 2.31%, indicating a favorable environment for sector stocks, yet Life Insurance Corporation's performance remains subdued. The company's significant market capitalization and sales within the industry suggest it holds a strong position, but the recent price movements reflect challenges in attracting investor interest amidst broader market gains.