Why is MRF falling/rising?

As of 22-Jul, MRF Ltd. is experiencing a slight increase in its stock price, currently at Rs 148,675.20, with a change of 25.25 (0.02%) upward. The stock has shown a positive performance today, outperforming its sector by 0.69% and has been gaining for the last two days, accumulating a total return of 0.72%. Over the past month, MRF has delivered a strong return of 10.37%, significantly outperforming the Sensex, which has seen a decline of 0.27%. The stock is also close to its 52-week high, just 2.91% away from Rs 153,000. However, there has been a notable drop in investor participation, with delivery volume falling by 41.13% compared to the 5-day average, which may indicate some caution among investors despite the stock's positive trajectory.
In the broader market context, MRF's short-term performance contrasts with the Sensex, which has declined by 0.47% over the past week while MRF has fallen by 1.09%. Despite this recent short-term dip, MRF has demonstrated strong long-term growth, with a 14.15% year-to-date return and a remarkable 130.81% increase over the last five years. The company benefits from a low debt-to-equity ratio and high institutional holdings, which have increased by 0.57% over the previous quarter, reflecting confidence from more sophisticated investors. MRF's substantial market capitalization and significant share of the industry further bolster its position, contributing to its resilience and attractiveness in the market.