Why is MRF falling/rising?

As of 09-Sep, MRF Ltd. is experiencing a price increase, currently at Rs 149,214.85, reflecting a rise of Rs 2,364.85 or 1.61%. The stock has shown a trend reversal after four consecutive days of decline, and it is currently 4.25% away from its 52-week high. In terms of performance, MRF has outperformed its sector by 1.19% today. Over the past week, the stock has decreased by 3.07%, but it has delivered a positive return of 4.51% over the last month and 14.57% year-to-date. Despite a recent drop in investor participation, as indicated by a 45.65% decline in delivery volume compared to the 5-day average, the stock remains liquid enough for trading.
In the broader market context, MRF's recent performance contrasts with the Sensex, which has gained 1.18% over the past week. The stock has consistently outperformed the BSE500 over various time frames, including the last three years, one year, and three months. The company's low debt-to-equity ratio and healthy long-term growth in net sales and operating profit contribute positively to its valuation. Additionally, high institutional holdings, which have increased by 0.57% over the previous quarter, suggest confidence in the company's fundamentals. However, it is important to note that while MRF has generated an 11.25% return over the past year, its profits have declined by 12.8%, indicating some underlying challenges despite its strong market position.