Why is SBI Life Insuran falling/rising?

As of 05-Jun, SBI Life Insurance Company Ltd's stock price is currently at 1,772.55, reflecting a decrease of 4.85 points or 0.27%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 2.91% over that period. Additionally, the stock's performance today has underperformed its sector by 0.64%. Despite being above the 50-day, 100-day, and 200-day moving averages, it is below the 5-day and 20-day moving averages. The delivery volume has also decreased by 21.13% compared to the 5-day average, indicating a drop in investor participation. However, the company maintains a low debt-to-equity ratio and has a very attractive valuation with a return on equity of 14.2%, suggesting that the fundamentals remain strong despite the recent price decline.
In the broader market context, SBI Life's short-term performance has been notably weaker than the benchmark, with a 1-week return of -2.91% compared to the Sensex's -0.23%. Over the longer term, the stock has outperformed the market significantly, generating a 27.49% return over the past year, while the broader market has only returned 8.09%. This strong long-term performance is supported by high institutional holdings at 40.56%, which indicates confidence from larger investors. Despite the recent price drop, the stock is technically in a bullish range, and its positive fundamentals suggest that the decline may be more of a short-term fluctuation rather than a reflection of underlying issues.