Why is MRF falling/rising?

As of 03-Sep, MRF Ltd. is experiencing a decline in its stock price, currently at Rs 150,729.20, which reflects a decrease of Rs 3,214.7 or 2.09%. The stock has underperformed its sector by 0.99% today and has fallen after two consecutive days of gains. Despite this short-term decline, MRF has shown strong performance over various periods, with a 15.73% increase year-to-date and a remarkable 78.56% rise over the past three years. The stock is currently trading close to its 52-week high, just 2.74% away, and is above all its moving averages, indicating a generally positive long-term trend. However, the recent drop in price may be influenced by a flat performance in net sales and a slight decline in profits over the past year.
In the broader market context, MRF's short-term performance contrasts with the Sensex, which has seen a slight decline of 0.27% over the past week. While MRF has outperformed the benchmark in the long term, its recent price movement may reflect profit-taking by investors following a strong upward trend. The stock's high institutional holdings at 30.33% suggest that informed investors are backing the company, despite the recent price drop. The company's low debt-to-equity ratio and healthy growth metrics contribute to its overall positive outlook, but the recent performance may be tempered by the flat results reported in June and the current market dynamics.