Why is New India Assura falling/rising?

As of 01-Jul, New India Assurance Company Ltd is currently priced at 190.70, reflecting a decrease of 0.75, or 0.39%. The stock has underperformed its sector by 0.25% today, despite trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a return of 2.42%, which is better than the Sensex's return of 2.00%. However, the stock has significantly underperformed over the last year, with a return of -22.29% compared to the Sensex's gain of 5.31%. The company's return on equity stands at 3.6, and it is trading at a premium relative to its peers, which may indicate investor caution. Additionally, the stock's profits have declined by 7.2% over the past year, contributing to its negative performance.
In the broader market context, while the stock has shown some short-term resilience, it has struggled to keep pace with the overall market, which has generated a return of 3.20% over the last year. The company's poor long-term growth prospects, highlighted by an annual operating profit decline of 9.23% and a significant drop in profit after tax over the last six months, further dampen investor sentiment. The low stake held by domestic mutual funds, at only 0.64%, suggests a lack of confidence in the stock's valuation or business prospects, which may be influencing its current price decline.