Why is Bharat Forge falling/rising?

As of 11-Jul, Bharat Forge Ltd. is experiencing a decline in its stock price, currently at 1,213.55, which reflects a decrease of 20.4 points or 1.65%. The stock has been on a downward trend, losing value for the past five days with a total return of -7.45% during this period. Although the stock is trading above its 100-day moving average, it is below its 5-day, 20-day, 50-day, and 200-day moving averages. Despite this decline, there has been a notable increase in investor participation, with delivery volume rising by 40.76% compared to the 5-day average. The stock has also shown healthy long-term growth, with operating profit increasing at an annual rate of 26.27%, and it is trading at a discount compared to its peers' average historical valuations.
In the broader market context, Bharat Forge's recent performance contrasts sharply with the Sensex, which has only declined by 1.12% over the same one-week period. While the stock has underperformed significantly over the past year with a return of -26.01%, it still maintains a strong position in the sector, holding a market cap of Rs 58,994 crore and accounting for 41.10% of the industry. High institutional holdings at 46.43% suggest that these investors have confidence in the company's fundamentals, which may provide some support against further declines. However, the stock's recent performance indicates that it is facing challenges despite its long-term growth potential and healthy profit increases.