Why is Life Insurance falling/rising?

As of 29-Aug, Life Insurance Corporation of India is currently priced at 853.70, reflecting a decline of 15.65 points or 1.8%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 4.52% during this period. It is trading below all key moving averages, indicating a bearish trend. Additionally, the stock's performance over the past week and month shows declines of 4.04% and 4.92%, respectively, while its year-to-date return stands at -4.27%. Despite a low debt-to-equity ratio and attractive valuation metrics, including a return on equity of 38 and a PEG ratio of 0.7, the stock has generated a significant negative return of -20.19% over the past year, even as profits have increased by 16.4%.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has seen a decline of only 1.84% over the past week and 1.88% over the past month. This underperformance relative to the benchmark suggests that investor sentiment towards Life Insurance Corporation of India is weaker compared to the overall market. The falling investor participation, as indicated by a decrease in delivery volume, further exacerbates the stock's challenges, contributing to its downward price movement. Overall, the combination of negative short-term trends, underperformance against the benchmark, and declining investor interest are key factors driving the stock's recent decline.