Why is Bharat Forge falling/rising?

As of 24-Jul, Bharat Forge Ltd. is experiencing a decline in its stock price, currently at 1,215.35, which reflects a decrease of 8.5 points or 0.69%. The stock has underperformed its sector by 0.64% today, and its delivery volume has fallen by 21.01% compared to the 5-day average, indicating a decrease in investor participation. Over the past week, the stock has shown a slight decline of 0.63%, and it has significantly underperformed over the past month and year, with returns of -6.15% and -23.23%, respectively. Despite these declines, the company has shown healthy long-term growth, with an annual operating profit increase of 26.27%, and it is trading at a discount compared to its peers, which may provide some support for its valuation.
In the broader market context, the Sensex has shown a slight increase of 0.16% over the past month, contrasting with Bharat Forge's decline of 6.15%, highlighting the stock's underperformance relative to the benchmark. The company holds a significant position in its sector, with a market cap of Rs 58,511 crore, constituting 40.77% of the entire sector, which may provide some resilience. However, the overall negative sentiment reflected in the stock's recent performance, combined with falling investor participation, suggests that market conditions are currently unfavorable for Bharat Forge, despite its strong fundamentals and high institutional holdings at 45.78%.