Why is Life Insurance falling/rising?

As of 04-Sep, Life Insurance Corporation of India is experiencing a price increase, currently at Rs 877.45, which reflects a rise of 6.8 points or 0.78%. The stock has shown a positive trend recently, gaining for the last four consecutive days with a total return of 2.78% during this period. It opened today with a significant gain of 5.09% and reached an intraday high of Rs 914.95. Despite a year-to-date decline of 1.61% and a one-year drop of 17.58%, the company has demonstrated a robust return on equity of 38 and a low debt-to-equity ratio, contributing to its attractive valuation. However, there has been a decline in investor participation, with delivery volume falling by 15.3% against the five-day average.
In the broader market context, the stock has outperformed the sector by 0.37% today, while its one-week return of 0.93% slightly exceeds the Sensex's 0.80% gain. Over the past month, however, the stock has underperformed with a decline of 1.99% compared to the benchmark's minor drop of 0.37%. The company's market capitalization positions it as the second-largest in its sector, holding 10.63% of the industry, which may provide some stability despite recent volatility. Overall, while the stock is currently rising, its longer-term performance remains challenged compared to the broader market.