Why is JK Tyre & Indust falling/rising?

As of 01-Aug, JK Tyre & Industries Ltd is experiencing a decline in its stock price, currently at 330.75, which reflects a decrease of 5.15 (-1.53%). The stock has been underperforming, with a consecutive fall over the last three days resulting in a total drop of 3.66%. It is trading below all key moving averages, indicating a bearish trend. The stock has also underperformed the sector, despite a slight outperformance today by 0.74%. Over the past year, the stock has generated a return of -24.63%, significantly worse than the broader market's decline of -1.55%. Additionally, the company's profits have fallen sharply by 35.7% over the same period, contributing to negative sentiment among investors.
Broader Market Context: In the context of the broader market, JK Tyre's recent performance has been notably poor compared to the benchmark, with a one-week return of -4.53% against the Sensex's -1.06%. The tyre sector as a whole has also seen a decline of 2.48%, reflecting a challenging environment. The stock's high institutional holdings at 22.53% suggest that knowledgeable investors are closely monitoring the company's fundamentals, which have been disappointing due to negative results over the last three quarters. This combination of poor financial performance, declining investor participation, and a broader sector downturn has contributed to the stock's downward trajectory.