Why is SBI Life Insuran falling/rising?

As of 28-Oct, SBI Life Insurance Company Ltd is experiencing a price increase, currently at Rs. 1,934.00, reflecting a rise of 31.05 (1.63%). The stock has recently hit a new 52-week high of Rs. 1,946 and has outperformed its sector by 1.89%. Over the past week, the stock has gained 5.11%, and in the last month, it has risen by 7.52%. Additionally, the stock has been gaining for the last two days, with a total return of 5.08% during this period. The company's low debt-to-equity ratio and strong long-term fundamentals contribute positively to its valuation, while high institutional holdings at 40.54% suggest confidence from knowledgeable investors.
Broader market context indicates that SBI Life Insurance has significantly outperformed the benchmark Sensex, which has only increased by 0.24% over the past week, while SBI Life's performance has been markedly better. The stock's year-to-date return of 38.81% also exceeds the Sensex's 8.30%, showcasing its strong market position. This consistent outperformance in both the short and long term, combined with rising investor participation and liquidity, supports the stock's upward movement in the market.