Why is CIE Automotive falling/rising?

As of 20-Aug, CIE Automotive India Ltd's stock price is currently at 403.75, reflecting a decrease of 0.5 or 0.12%. The stock has recently outperformed its sector by 1.31%, although it has experienced a trend reversal after three consecutive days of gains. In terms of returns, the stock has seen a 2.37% increase over the past week, but it has declined by 5.74% over the last month and 27.18% over the past year. Despite a healthy operating profit growth rate of 34.67% and a low debt-to-equity ratio of 0.10, the stock's performance has been negatively impacted by a significant drop in profits of 8.7% over the past year, leading to a perception of below-par performance in both the long and near term.
In the broader market context, the stock's recent short-term performance of +2.37% over the past week compares favorably to the Sensex's +1.64% return in the same period. However, the stock has underperformed the benchmark in the longer term, with a year-to-date return of -14.22% compared to the Sensex's +4.76%. The high institutional holdings at 25.68% suggest that these investors are closely monitoring the company's fundamentals, which may influence market sentiment. Overall, while there are positive indicators such as rising investor participation and attractive valuations, the recent decline in profits and overall underperformance relative to the market contribute to the stock's current downward movement.