Why is CEAT falling/rising?

As of 06-Aug, CEAT Ltd's stock price is currently at 3,221.45, reflecting an increase of 33.4, or 1.05%. Today's performance indicates that the stock has outperformed its sector by 2.51%. Despite a recent decline of 4.96% over the past week and a 10.81% drop in the last month, CEAT has shown strong long-term growth with a 23.90% return over the past year. The stock's moving averages indicate it is trading higher than the 200-day moving average but lower than the 5, 20, 50, and 100-day moving averages. Additionally, rising investor participation is evident with a significant increase in delivery volume, which has risen by 126.86% compared to the 5-day average.
In the broader market context, CEAT's recent performance contrasts with the benchmark Sensex, which has only declined by 1.15% over the past week. While CEAT has experienced a decline in profits of 32.9% over the past year, its strong institutional holdings at 37.47% suggest confidence among more knowledgeable investors. The stock is trading at a discount compared to its peers, and its healthy long-term growth, with net sales increasing at an annual rate of 17.13%, supports its valuation. Overall, while CEAT has faced short-term challenges, its long-term potential and recent positive movements in investor participation contribute to its current price rise.