Why is MRF falling/rising?

As of 22-Aug, MRF Ltd. is experiencing a decline in its stock price, currently at Rs 147,193.15, which reflects a decrease of Rs 720.15 or 0.49%. The stock has been losing value for the last two days, with a total drop of 0.62% during this period. Despite this recent downturn, MRF has shown strong performance over the longer term, with a 6.33% increase over the past week and a 13.02% rise year-to-date. The stock is also trading above its moving averages, indicating a generally positive trend. However, there has been a notable decline in investor participation, with delivery volume falling by 29.35% against the five-day average, which may contribute to the recent price drop. Additionally, while the stock has generated a return of 5.41% over the past year, its profits have decreased by 12.8%, suggesting some underlying challenges despite its healthy long-term growth metrics.
In the broader market context, MRF's recent performance contrasts with the Sensex, which has only increased by 0.88% over the past week and 4.05% year-to-date. This indicates that MRF has outperformed the benchmark in the short term, but the recent price decline may reflect specific investor concerns or market dynamics affecting the stock. The company's low debt-to-equity ratio and high institutional holdings suggest a stable foundation, yet the falling profits and reduced delivery volumes could be causing caution among investors. Overall, while MRF has demonstrated strong long-term growth and market leadership, the recent price movement appears to be influenced by a combination of declining investor engagement and profit concerns.