Why is JK Tyre & Indust falling/rising?

As of 14-Aug, JK Tyre & Industries Ltd is experiencing a decline in its stock price, currently at 311.60, which reflects a decrease of 3.0 or 0.95%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 37.34% compared to the 5-day average. Over the past week, the stock has decreased by 4.27%, and it has shown a substantial decline of 19.74% year-to-date, while its profits have fallen by 46.7% over the past year. Despite a healthy long-term growth rate in operating profit of 23.65% and a relatively attractive valuation, the stock's recent performance has been negatively impacted by these factors.
In the broader market context, JK Tyre's short-term performance has underperformed compared to the Sensex, which has remained relatively flat with a change of -0.03% over the same period. This underperformance is further highlighted by the stock's year-to-date return of -19.74% compared to the Sensex's positive return of 3.15%. The high institutional holdings at 22.53% suggest that there is confidence among larger investors, but the overall market sentiment appears to be weighing down the stock. The combination of declining investor participation and poor short-term returns relative to the benchmark indicates a challenging environment for JK Tyre & Industries Ltd at this time.