Why is Bharat Forge falling/rising?

As of 25-Jul, Bharat Forge Ltd. is experiencing a decline in its stock price, currently at Rs 1,202.05, which reflects a decrease of Rs 13.3 or 1.09%. The stock has been on a downward trend, having fallen for the last two days with a total return of -1.78% during this period. It touched an intraday low of Rs 1,186.05, indicating a significant drop. The stock's performance over the past week shows a decline of 1.43%, and it has underperformed against the benchmark Sensex, which has only decreased by 0.36%. Despite the company showing healthy long-term growth with an annual operating profit increase of 26.27%, the stock has generated a return of -24.58% over the past year, while profits have risen by 7.8%. This suggests that while the fundamentals may be strong, the market sentiment is currently negative, possibly due to falling investor participation, as evidenced by a 36.73% drop in delivery volume compared to the 5-day average.
In the broader market context, Bharat Forge's short-term performance has lagged behind the benchmark, with a 1-week return of -1.43% compared to the Sensex's -0.36%. This underperformance may be contributing to the stock's decline, as investors often look for stocks that can outperform the market. The company's high institutional holdings at 45.78% indicate that knowledgeable investors are backing it, which could provide some stability. However, the stock's current trading at a discount compared to its peers' average historical valuations may not be enough to attract new investors in the short term, especially given the recent trend of falling prices and reduced liquidity.