Why is Bharat Forge falling/rising?

As of 28-Jul, Bharat Forge Ltd. is experiencing a decline in its stock price, currently at Rs 1,189.20, reflecting a decrease of Rs 12.85 or 1.07%. The stock has been on a downward trend, having fallen consecutively for the last three days, with a total decline of 2.83% during this period. Despite touching an intraday high of Rs 1,227, the stock's performance over the past week shows a loss of 2.76%, and over the past month, it has decreased by 9.17%. Although the stock has outperformed its sector by 0.51% today, it is trading below several moving averages, indicating potential weakness. The stock's long-term growth prospects remain healthy, with an annual operating profit growth rate of 26.27%, but it has generated a significant return of -29.53% over the past year, despite a 7.8% increase in profits.
In the broader market context, Bharat Forge's short-term performance has been worse than the benchmark Sensex, which has declined by 1.59% over the same week. The stock's high institutional holdings at 45.78% suggest that knowledgeable investors are closely monitoring its fundamentals, which may provide some support. However, the stock's current valuation appears to be a discount compared to its peers, and its market capitalization of Rs 57,469 crore positions it as a significant player in its sector. Despite these positive factors, the recent price movements indicate that investor sentiment may be cautious, contributing to the stock's decline amidst a challenging market environment.