Why is Bharat Forge falling/rising?

As of 18-Jul, Bharat Forge Ltd. is experiencing a decline in its stock price, currently at 1,219.55, reflecting a decrease of 3.45 points or 0.28%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total decline of 1.49% during this period. Although it outperformed its sector by 0.53% today, the stock's performance over the past month shows a significant drop of 6.02%. Additionally, while the stock has demonstrated healthy long-term growth with an annual operating profit increase of 26.27%, it has still generated a negative return of 25.01% over the past year, despite a 7.8% rise in profits. The stock is currently trading at a discount compared to its peers, which may suggest a fair valuation, but the falling investor participation, indicated by a 34.59% drop in delivery volume, raises concerns about market interest.
In the broader market context, Bharat Forge's recent performance contrasts with the benchmark Sensex, which has seen a slight increase of 0.38% over the past month. The stock's short-term return of -6.02% significantly underperforms the benchmark's positive return, indicating a lack of investor confidence relative to the overall market. Despite high institutional holdings at 46.43%, which typically suggest a more stable investment base, the stock's liquidity remains adequate for trading, with a market cap of Rs 58,470 crore, making it the largest in its sector. However, the combination of recent price declines, reduced trading volume, and underperformance against the benchmark suggests that investor sentiment may be cautious, contributing to the stock's current downward trajectory.