Why is Life Insurance falling/rising?

As of 05-Sep, Life Insurance Corporation of India is experiencing a slight decline in its stock price, currently at 876.85, reflecting a decrease of 0.6 or 0.07%. The stock has underperformed its sector by 0.56% today and has seen a trend reversal after four consecutive days of gains. In terms of returns, the stock has increased by 2.71% over the past week but has declined by 1.70% over the past month and 17.96% over the past year. Despite this, the company has shown a profit increase of 16.4% over the same year, and its attractive valuation is supported by a low debt-to-equity ratio and a favorable price-to-book value. The rising investor participation, indicated by a significant increase in delivery volume, suggests some positive sentiment, although the stock remains below several key moving averages.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained 1.13% over the past week and remained flat over the past month. While the stock has outperformed the benchmark in the short term, its year-to-date performance is notably weaker, with a decline of 1.68% compared to the Sensex's gain of 3.29%. This disparity highlights the challenges the company faces in regaining investor confidence, despite its strong fundamentals and significant market presence within the sector.