Why is MRF falling/rising?

As of 24-Sep, MRF Ltd. is currently priced at 153,260.40, reflecting a decline of 2,707.6 points or 1.74%. The stock has recently experienced a trend reversal, falling after three consecutive days of gains. Despite this drop, MRF has shown strong performance over the past week and month, with returns of 1.88% and 4.12%, respectively. The stock is trading above its moving averages, indicating a generally positive trend, and has seen increased investor participation with a notable rise in delivery volume. However, the stock's profits have fallen by 12.8% over the past year, which may be contributing to the current price decline despite its low debt-to-equity ratio and healthy long-term growth metrics.
In the broader market context, MRF's recent performance contrasts with the Sensex, which has declined by 1.18% over the past week. While MRF has outperformed the benchmark in the long term, generating an 11.27% return over the past year compared to the Sensex's drop of 3.77%, the current underperformance of the stock today by 0.38% against its sector may indicate a temporary setback. The high institutional holdings suggest confidence in the company's fundamentals, but the flat results reported in June may be weighing on investor sentiment, contributing to the stock's current downward movement.