Why is CEAT falling/rising?

As of 14-Nov, CEAT Ltd's stock price is currently at 3,984.30, reflecting a decrease of 25.9 points or 0.65%. The stock has been on a downward trend, experiencing a consecutive fall for the last four days, resulting in a total decline of 3.22% during this period. Despite this recent downturn, CEAT has shown strong performance over the longer term, with a 43.63% return over the past year and a remarkable 252.44% increase over the last five years. The stock is currently trading above its 50-day, 100-day, and 200-day moving averages, although it is below its 5-day and 20-day moving averages. Additionally, there has been a rise in investor participation, with delivery volume increasing by 20.89% compared to the 5-day average, indicating ongoing interest despite the recent price drop.
In the broader market context, CEAT's recent performance contrasts with the Sensex, which has risen by 1.62% over the past week. While CEAT's short-term performance has lagged behind this benchmark, its long-term growth prospects remain strong, supported by healthy net sales growth and significant operating profit margins. The company has also demonstrated high institutional holdings at 37.26%, suggesting confidence from larger investors who can analyze the company's fundamentals effectively. Despite a recent decline in profits by 12.6%, the stock is considered attractively valued compared to its peers, which may provide a foundation for recovery in the future.