Why is MRF falling/rising?

As of 04-Sep, MRF Ltd. is experiencing a decline in its stock price, currently at Rs. 149,010.00, which reflects a decrease of Rs. 1,719.2 or 1.14%. The stock has underperformed its sector by 0.63% today and has been on a consecutive fall for the last two days, resulting in a total drop of 3.2%. Despite reaching a new 52-week high of Rs. 155,554.95 earlier today, the stock's performance over the past week shows a gain of 4.56%, and it has outperformed the Sensex over various periods, including a 14.41% increase year-to-date. However, the recent decline may be attributed to falling investor participation, with delivery volume dropping significantly by 52.99% against the 5-day average, indicating reduced interest from investors.
In the broader market context, while MRF has shown strong long-term performance, outperforming the BSE500 over the last three years, one-month, and one-year periods, the current market conditions reflect a slight downturn. The Sensex has only increased by 0.80% over the past week, suggesting that the broader market is relatively stable but not particularly bullish. MRF's low debt-to-equity ratio and healthy growth in net sales and operating profit indicate solid fundamentals; however, the recent flat results and a decline in profits by 12.8% over the past year may be contributing to the current price drop. The high institutional holdings of 30.33% suggest confidence from larger investors, but the recent price movement indicates a cautious sentiment in the market.