Why is New India Assura falling/rising?

As of 05-Aug, New India Assurance Company Ltd is experiencing a price increase, currently at Rs 198.65, which reflects a rise of Rs 11.0 or 5.86%. The stock has shown a notable performance today, outperforming its sector by 5.95% and marking a trend reversal after three consecutive days of decline. Additionally, it reached an intraday high of Rs 205, representing a 9.25% increase. In terms of returns, the stock has performed well in the short term, with a 14.76% increase over the past week, while its one-month return stands at 6.66%. However, it is important to note that the delivery volume has significantly decreased by 82.88% compared to the five-day average, indicating a decline in investor participation.
Broader Market Context: In comparison to the benchmark, the Sensex has declined by 0.77% over the past week, while New India Assurance has gained 14.76%, showcasing its strong performance relative to the broader market. Despite a year-to-date decline of 1.17% for the stock against a 3.29% increase in the Sensex, its three-year return of 120.84% significantly outpaces the benchmark's 38.23% gain, suggesting a long-term positive trend. The stock's current liquidity is adequate for trading, with a value of Rs 12.54 crore based on 2% of the five-day average traded value, which supports its recent price movement amidst fluctuating investor interest.