Why is CEAT falling/rising?

As of 13-Aug, CEAT Ltd's current price is 3,163.10, reflecting an increase of 46.1, or 1.48%. The stock has been gaining for the last two days, with a total return of 1.74% during this period. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a potential weakness in momentum. Despite a significant drop in delivery volume by 44.54% compared to the 5-day average, the stock has shown strong long-term growth with net sales increasing at an annual rate of 17.13% and operating profit at 19.67%. Additionally, high institutional holdings at 37.47% suggest confidence in the stock, although profits have decreased by 32.9% over the past year.
In the broader market context, CEAT's performance over the past year has been notably strong, generating a return of 20.59% while the benchmark BSE500 has seen a decline of 0.64%. However, in the short term, CEAT has underperformed the market with a 1-week return of -1.81% compared to a negligible change in the Sensex. This contrast highlights the stock's ability to outperform the market over a longer horizon despite recent challenges. Overall, while CEAT has shown resilience and growth potential, recent price movements and declining investor participation may reflect short-term concerns among investors.