Why is MRF falling/rising?

As of 31-Jul, MRF Ltd. is experiencing a decline in its stock price, currently at Rs 147,674.80, which reflects a decrease of Rs 2,298.7 or 1.53%. The stock has fallen after two consecutive days of gains and is currently 3.61% away from its 52-week high of Rs 153,000. In terms of performance, MRF has outperformed its sector by 0.61% today, but its recent trend shows a decrease in delivery volume, which fell by 52% against the 5-day average. Over the past month, the stock has gained 3.99%, while it has shown a year-to-date increase of 13.39%, indicating a generally positive long-term growth trajectory despite the current decline.
In the broader market context, MRF's short-term performance over the past week shows a decline of 1.88%, which is worse than the Sensex's decline of 1.22%. This suggests that while MRF has had strong long-term returns, its recent performance is lagging behind the broader market. The company benefits from a low debt-to-equity ratio and high institutional holdings, which have increased by 0.57% over the previous quarter, indicating confidence among larger investors. However, the recent drop in investor participation and the overall decline in the Tyres & Allied sector, which has fallen by 2.2%, may be contributing to the stock's current downward movement.