Why is CEAT falling/rising?

As of 19-Sep, CEAT Ltd's stock price is currently at 3,389.90, reflecting a decrease of 42.7 points or 1.24%. Today's price summary indicates that the stock has underperformed its sector by 1.35%. Although it is trading higher than its 5-day, 20-day, 50-day, and 200-day moving averages, it remains below the 100-day moving average. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 58% compared to the 5-day average. Despite a strong historical performance, with a 19.78% return over the past year, the company's profits have declined by 32.9%, which may be contributing to the current price movement.
In the broader market context, CEAT's short-term performance over the past week shows a gain of 3.50%, significantly outperforming the Sensex, which has only increased by 0.88%. This indicates that while CEAT has been performing well relative to the market in the short term, the recent decline in price could be attributed to falling investor interest and profit reductions despite healthy long-term growth indicators. The stock's attractive valuation, supported by high institutional holdings, suggests that it may still be viewed positively in the long run, even as it faces short-term challenges.