Why is MRF falling/rising?

As of 05-Sep, MRF Ltd. is experiencing a decline in its stock price, currently at 148,000.00, which reflects a decrease of 1,010.0 or 0.68%. The stock has been on a downward trend, having fallen for the last three consecutive days, resulting in a total return of -3.86% during this period. Despite this recent decline, MRF has shown strong performance over the longer term, with a 1-year return of 8.69% and a year-to-date increase of 13.64%. However, the stock's delivery volume has decreased significantly by 26.33% compared to the 5-day average, indicating a drop in investor participation. While MRF has a low debt-to-equity ratio and healthy long-term growth metrics, its profits have recently fallen by 12.8%, which may be contributing to the current price movement.
In the broader market context, MRF's short-term performance is notably stronger than that of the Sensex, which has only increased by 1.13% over the past week. MRF's recent decline contrasts with its historical performance, where it has consistently outperformed the benchmark over various time frames, including a 75.79% increase over the past three years. The stock's high institutional holdings at 30.33% suggest that knowledgeable investors are backing the company, which could provide some stability. However, the recent flat results reported in June may be causing some concern among investors, contributing to the current downward pressure on the stock price.