Why is MRF falling/rising?

As of 15-Jul, MRF Ltd. is experiencing a price increase, with its current price at Rs 150,318.80, reflecting a rise of Rs 2,146.0 or 1.45%. The stock has shown strong performance today, outperforming its sector by 0.45% and reaching an intraday high of Rs 151,190, which is a 2.04% increase. Additionally, MRF is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The stock has also demonstrated impressive returns over various periods, including a 15.42% increase year-to-date and a 14.50% rise over the past year. The company benefits from a low debt-to-equity ratio and healthy long-term growth, with net sales increasing at an annual rate of 11.63%. High institutional holdings at 29.76% suggest strong confidence from knowledgeable investors, further supporting the stock's upward movement.
In the broader market context, MRF's short-term return of 3.71% over the past week significantly outpaces the Sensex, which has declined by 1.36% during the same period. This contrast highlights MRF's resilience and strong market position, as it constitutes 35.97% of its sector and has generated substantial returns compared to the benchmark. The stock's liquidity, with a delivery volume increase of 35.73% against the 5-day average, also indicates rising investor participation, which can contribute to sustained upward momentum. Overall, MRF's strong performance metrics and favorable market conditions are driving its stock price higher.