Why is Life Insurance falling/rising?

As of 02-Sep, Life Insurance Corporation of India is currently priced at 864.15, reflecting an increase of 6.5, or 0.76%. The stock has shown a positive trend recently, gaining for the last two days and achieving a total return of 1.22% during this period. Despite this short-term gain, the stock has underperformed over the past week and month, with declines of 2.70% and 2.31%, respectively. The company maintains a low debt-to-equity ratio and a very attractive valuation with a return on equity of 38 and a price-to-book value of 4.3. Additionally, while the stock has seen a significant drop of 18.36% over the past year, its profits have increased by 16.4%, indicating potential for recovery.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has declined by only 0.78% over the past week and 0.55% over the past month. This suggests that while the stock is experiencing short-term gains, it has not kept pace with the overall market trends in the longer term. The stock's liquidity appears sufficient for trading, with a delivery volume increase of 14.74% against the five-day average, indicating rising investor participation. However, the stock's performance over the year remains concerning compared to the benchmark, which has shown a modest gain of 2.58% year-to-date.