Why is CEAT falling/rising?

As of 11-Aug, CEAT Ltd's stock price is currently at 3,109.00, reflecting a decrease of 51.6 points or 1.63%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 3.49% during this period. Additionally, CEAT is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock's delivery volume has also significantly decreased, falling by 70.49% compared to the 5-day average, suggesting a decline in investor participation. Despite a positive long-term growth outlook with net sales and operating profit increasing annually, the stock's profits have decreased by 32.9%, contributing to its recent price decline.
In the broader market context, CEAT's short-term performance has been notably weaker than the benchmark, with a 1-week return of -3.98% compared to the Sensex's -0.51%. While the stock has outperformed the market over the past year with an 11.75% return, the recent downturn contrasts sharply with the overall market's performance. The stock's high institutional holdings at 37.47% indicate confidence from larger investors, yet their increased stake has not translated into positive price movement recently. Overall, the combination of declining short-term performance, reduced investor participation, and falling profits has contributed to CEAT's current price decline.