Why is CEAT falling/rising?

As of 14-Aug, CEAT Ltd's stock price is currently at Rs 3,093.75, reflecting a decline of Rs 69.35 or 2.19%. The stock has underperformed its sector by 1.25% today and has experienced a trend reversal, falling after two consecutive days of gains. It touched an intraday low of Rs 3,083.90, which is a decrease of 2.5%. Additionally, CEAT is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock has shown a significant drop in delivery volume, down 67.59% compared to the 5-day average. Over the past week, CEAT has declined by 3.70%, and over the past month, it has fallen by 20.52%, despite generating an 18.67% return over the past year.
In the broader market context, CEAT's recent performance contrasts with the Sensex, which has remained relatively stable with a slight decline of 0.03% over the past week. While CEAT has demonstrated healthy long-term growth with net sales increasing at an annual rate of 17.13% and operating profit at 19.67%, its profits have fallen by 32.9% over the past year, contributing to the stock's current downward movement. The stock is trading at a discount compared to its peers, and high institutional holdings at 37.47% indicate confidence from larger investors. However, the recent decline in investor participation and liquidity issues may be influencing the stock's negative trajectory.