Why is CEAT falling/rising?

As of 20-Aug, CEAT Ltd's stock price is currently at 3,196.50, reflecting a decrease of 17.85 points or 0.56%. The stock has underperformed its sector by 1.11% today and has experienced a consecutive decline over the last two days, resulting in a total drop of 1.14% during this period. In terms of returns, CEAT has seen a significant decline of 16.32% over the past month, while it has generated a positive return of 16.24% over the past year. Despite this annual growth, the company's profits have decreased by 32.9%, which may contribute to the current downward pressure on the stock. Additionally, there has been a decline in investor participation, with delivery volume falling by 3.46% compared to the five-day average, indicating reduced trading interest. In the broader market context, CEAT's recent performance contrasts with the benchmark Sensex, which has gained 1.64% over the past week and 0.12% over the past month. While CEAT has shown strong long-term growth with a 133.43% increase over three years and a 265.63% increase over five years, the recent negative returns in the short term may be affecting investor sentiment. The stock's attractive valuation, supported by high institutional holdings of 37.47%, suggests that there is potential for recovery, but the current market dynamics and declining profits are likely contributing to the stock's recent decline.