Why is MRF falling/rising?

As of 17-Jul, MRF Ltd. is experiencing a decline in its stock price, currently at Rs. 150,550.20, which reflects a decrease of Rs. 1,788.75 or 1.17%. Despite this drop, the stock has shown positive performance over the past week, with a return of 1.48%, and has outperformed the Sensex, which fell by 1.12%. The stock hit a new 52-week high of Rs. 153,000 earlier today but has underperformed its sector by 1.87%. Additionally, MRF has fallen after two consecutive days of gains, and there has been a notable decrease in investor participation, with delivery volume dropping by 58.43% compared to the five-day average. The company maintains a strong position with a low debt-to-equity ratio and healthy long-term growth in net sales, which has grown at an annual rate of 11.63%. High institutional holdings at 29.76% indicate confidence from knowledgeable investors, contributing to its market-beating performance over various time frames.
In the broader market context, MRF's short-term performance of 1.48% over the past week contrasts with the Sensex's decline, suggesting that the stock is relatively resilient despite the current price drop. The stock has also shown impressive returns year-to-date, with a gain of 15.59%, significantly outpacing the Sensex's 5.27% increase. This indicates that while MRF is facing a temporary setback, its overall trajectory remains positive compared to the broader market, reflecting strong fundamentals and a dominant position within its sector.